ASX-listed exploration company Pure Resources (ASX:PR1) reports it has discovered multiple new outcropping pegmatite occurrences following a maiden geological fieldwork campaign at its Laforge Lithium Project in Quebec, Canada.
The results, generated by 240 samples taken from only 5% of the project’s total 270km-square landholding, have confirmed the presence of visual spodumene, which fluoresced under ultraviolet light, as well as outcropping pegmatites in the north and northwest of the tenement.
Pure notes that the strong success from this early and limited field campaign has given it great confidence in the prospectivity of the ‘significant belt-scale’ Laforge Project, with 16 of the preliminary results also returning orogenic gold mineralisation.
The maiden geological fieldwork was conducted by Canadian-based geological consultants Apex Geoscience and comprised aerial reconnaissance, mapping, and sampling activities in order to generate data prior to seasonal extreme weather conditions.
Speaking on the discovery, Pure Resources Executive Chairman Patric Glovac says: “The company’s Board and geological team decided to push the button on an opportunistic fieldwork campaign at the Laforge Lithium project and I am excited that early observations have further enhanced the prospectivity of this exciting project.
“The company’s Board and geological team decided to push the button on an opportunistic fieldwork campaign at the Laforge Lithium project…”
Some pegmatite samples contained tourmaline and small red fluorescent minerals of visual spodumene with further investigation required to fully evaluate the mineralogy of the rock samples including the extent and tenor of possible lithium mineralisation. The early observations, however, further enhances the board’s view on the prospectivity of the project.
We maintain the belief that the Laforge Lithium Project represents a genuine opportunity to discover a ‘significant’ lithium deposit in a Tier 1 jurisdiction and whilst we are excited with the data generated and the early observations from the recent geological site visit, we look forward to accelerating exploration once the snow clears and weather subdues in an effort to identify more outcropping pegmatites over the remaining 95% of land holding.”
The company also notes that the field team focused its efforts on windswept, outcropping areas to sample rock types that have potential to host lithium mineralisation, as well as orogenic gold mineralisation.
In addition, it is reported that these results confirm the presence of pegmatites mapped by the Ministère des Ressources naturelles et des Forȇts (MERN) in the eastern portion of the claims.
As of 8am AWST Pure Resources’ share price had increased by 8.77%.
Pure Resources is an exploration company that is focused on exploring future facing commodities. The company’s Laforge Lithium tenement represents a ‘significant’ belt-scale tenement package that covers about 270km-square of the Laforge Greenstone Belt. The project is located about 65km northeast of mineral exploration company Patriot Battery Metals’ (ASX:PMT) Corvette discovery in the Superior Province of Quebec.
With preliminary results from the sampling program received, Pure Resources announces that further investigation is ongoing and assays to fully evaluate the extent and tenor of possible lithium mineralisation are expected in 8 weeks.
Images: Pure Resources Ltd
