Redstone Resources (ASX:RDS) is planning to complete a preliminary field program to assess the ‘highest prospectivity’ target areas uncovered from a prospectivity analysis at the Sakami and Radisson East Lithium projects in Quebec, Canada.
As previously announced, the diversified mineral explorer will also be assessing several potential lithium-caesium-tantalum (LCT) targets that were identified by multispectral analysis.
The first-pass program will include field mapping, outcrop and geochemical sampling to confirm the presence of pegmatite outcrops and to test for lithium mineralisation.
Redstone has engaged with Mercator Geological Services to complete the proprietary prospectivity analysis method on the Sakami and Radisson East projects, which aimed to identify priority lithium targets to guide further exploration.
At Sakami, 18 target areas considered prospective for LCT pegmatites were identified. Meanwhile at Radisson East, 6 target areas were uncovered.
Redstone reports the ‘highest priority’ targets on Sakami are targets S01 and S04 to the south end of the project towards the La Grande-Opinaca sub-province boundary.
Further, the ‘highest priority’ targets on Radisson are RE01 and RE02. Redstone notes although all 6 targets occur within basalt, these 2 targets are further elevated above the other target areas by increasing low level geochemical anomalism that is associated with LCT pegmatites towards the northeast.
The Sakami Lithium Project covers 68km-square and sits 14km north of the boundary between the La Grande and Opinaca sub-provinces. The Radisson East Lithium Project covers 22km-square comprising 2 blocks within the La Grande sub-province.
Redstone Resources is a lithium, base and precious metals explorer focused on its wholly owned West Musgrave Project in Western Australia.
As of 30 September 2023, the company had $572,000 cash at hand, although Redstone expects to receive an R&D rebate of $228,000, according to its latest quarterly report.
Redstone says the R&D rebate is assessed under the Australian Taxation Office’s self-assessment system and is expected to be received during the December quarter of 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Redstone Resources