Newly listed explorer Infini Resources (ASX:I88) has outlined some ‘major’ targets through a range of exploration techniques across its Paterson Lake Lithium Project in Ontario, Canada.
The company says through a mixture of drone magnetic surveys, mobile metal ion (MMI) soil sampling, and a review of historical data from the area, it has identified 3 greenstone target corridors of interest measuring roughly 6km, 6km, and 5km in length, respectively.
Further to this, Infini has found 7 ‘large’ lithium geochemical anomalies in the project area.
Infini is now planning follow-up exploration work for the project, which will include geological mapping and infill soil sampling to potentially find new outcropping mineralised pegmatites and refine existing target corridors for drill targeting.
According to the company, the current strike length at surface for the Marko’s prospect in the project area is around 268m, and it’s around 190m for the Jesse’s prospect. Both these pegmatite prospects have the potential for expansion given that mineralisation in these areas remains open in all directions.
Inifi CEO Charles Armstrong says the range of ‘high-quality’ geophysical, geochemical, and historical data collected by the company reinforces its aim to generate multiple exploration targets in the Paterson Lake area.
“The identification of seven large lithium geochemical anomalies that overlie interpreted sheared greenstone lithologies is a very positive sign that new undiscovered lithium mineralisation may exist on the project.
This is further reinforced by the presence of shallow and high-grade lithium-containing pegmatites at the more advanced Marko’s prospect, where historical drilling targeting tantalum intercepted a best result of 8m @ 3.12% Li2O from 14m.
Mineralisation observed at both the Marko’s and Jesse’s pegmatite prospects is highly encouraging, with the company now set to focus exploration efforts on determining what volumes exist given the pegmatite bodies are known to be shallow and open in all directions.”
“The identification of seven large lithium geochemical anomalies that overlie interpreted sheared greenstone lithologies is a very positive sign that new undiscovered lithium mineralisation may exist on the project:
Armstrong says the company believes it is in an ‘enviable position’ for exploration at Paterson Lake.
The project lies within the Archean Separation Lake Greenstone Belt of Ontario’s Superior Province.
According to Infini, Paterson Lake has been documented to contain ‘abundant’ rare-metal-bearing pegmatites, including 7 named petalite-bearing-pegmatites and up to 50 pegmatites that still require investigation.
Infini Resources listed on the ASX on 15 January following a $5.3 million initial public offering.
Write to Joshua Smith at Mining.com.au
Images: Infini Resources
