Lightning Minerals (ASX:L1M) is developing follow-up exploration programs with a focus on reviewing existing geophysical data across its Dalmas and Hiver projects in Canada.
The battery and critical minerals explorer also plans to define target areas for further exploration, specifically targeting lithium-caesium-tantalum (LCT) mineralisation.
This news comes after Lightning completed a reconnaissance mapping and rock sampling program, managed by Quebec-based IOS Geosciences.
Lightning says preliminary indications from the field reconnaissance have confirmed the presence of pegmatites within both projects. The geochemistry of these pegmatites is yet to be quantified via laboratory analysis.
The company has submitted 32 samples across the project areas for analysis.
Lightning Minerals Managing Director Alex Biggs says confirming pegmatite lithologies at both projects is a ‘positive’ indicator for future exploration activities in Canada.
“It is important that the company has taken its first step quickly and effectively by confirming the target areas that have been previously identified.
We know the James Bay region is prolific as a lithium district, and initial indications at Dalmas and Hiver suggest that potential for LCT mineralisation exists.
Our next step will be to evaluate existing geophysical surveys that may define geological trends of sub-cropping pegmatite structures across both projects.
“Our next step will be to evaluate existing geophysical surveys that may define geological trends of sub-cropping pegmatite structures across both projects”
The company continues to employ a diligent and structured approach to its exploration across all its projects, with a view to defining drill targets for potential discovery.”
Lightning Minerals’ share price has increased by 12% to $0.14 as of 12:30pm AEDT on 2 November.
The Dalmas and Hiver projects are located in the James Bay region of Quebec.
Lightning Minerals is a mineral explorer with assets in Western Australia and Quebec. The company’s projects are prospective for lithium, nickel, cobalt, copper, and platinum group elements.
As of 30 September 2023, the company had $3.51 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Lightning Minerals
