Forrestania Resources (ASX:FRS) has a week of surface mapping and sampling ahead at the Volta prospect within its joint venture (JV) Hydra Lithium Project in Quebec, Canada.
The company says its JV partner, ALX Resources (TSXV:AL), has remobilised its lithium exploration crew to the Volta sub-project area.
Volta lies about 20km east of Patriot Battery Metals’ (ASX:PMT) Corvette deposit and 1km north of the eastern Corvette boundary.
Forrestania reports the fieldwork follows a light detection and ranging (LiDAR) survey completed at Volta in early September this year. The survey was designed to improve the quality of the imagery used for pegmatite exploration.
The company notes the survey was supported by remote sensing studies optimised for pegmatite detection.
Results from surface mapping and sampling are scheduled to be released upon receipt, compilation, and interpretation.
Forrestania Resources Managing Director Michael Anderson says the company is ‘delighted’ to be on the ground at Volta given its proximity to other renowned deposits.
“We are delighted to finally be getting on the ground at Volta, which, given its proximity to the Corvette property, is unquestionably one of Hydra’s most prospective sub-projects.
We are also grateful for the support of our JV partner ALX, whose persistence has enabled us to carry out this work before the end of the current field season. We look forward to reporting our findings and sampling results in due course.”
“We are delighted to finally be getting on the ground at Volta, which, given its proximity to the Corvette property, is unquestionably one of Hydra’s most prospective sub-projects”
Forrestania Resources is a lithium, gold, and nickel explorer searching within the Forrestania, Southern Cross, and Eastern Goldfields regions of Western Australia. The company is also searching for lithium within the James Bay region of Quebec Canada.
The Hydra Project represents a 50:50 JV between Forrestania and ALX Resources in northern Quebec. The project comprises 8 sub-projects totalling 293km-square within the ‘world-class’ lithium exploration district of James Bay.
ALX Resources is a ‘diversified’ minerals explorer based in Vancouver, Canada. ALX is focused on the discovery potential within multiple opportunities in stable operating jurisdictions.
Forrestania Resources had $2.117 million cash and cash equivalents at hand as of 30 June 2023, although it recently tapped shareholders for an additional $1.53 million to advance its Western Australian projects, as reported earlier this week.
Write to Adam Drought at Mining.com.au
Images: Forrestania Resources