Scandium Canada (TSX-V:SCD) has identified a potential new mineralised zone near the TG deposit resource at its Crater Lake Scandium Project in Nunavik, Québec, Canada.
The company drilled six holes to confirm the presence of a ferrosyenite zone, the same rock type as the existing TG deposit.
Scandium Canada says the drill holes intersected ferrosyenite over appreciable thicknesses, with a lithological signature matching that of previously assayed holes at the TG deposit.
The holes were initially designed to test the TG deposit at depth, beneath the current resource block model.
The drill holes were later redesigned to test a 500m section of a previously untested 750m corridor running parallel to the TG deposit within the existing 2025 pit design.
The first hole intersected a previously unidentified ferrosyenite zone about 150m east of the deposit, the company says.
Scandium grades from these holes will be reported once the results have been received and validated, it adds.
“We’re very excited by this discovery, which highlights the broader potential of the Crater Lake property beyond our original exploration objectives,” President and CEO Simon Thibault says.
“Thanks to the work done by our geologist, as we advance toward an updated mineral resource estimate by year-end 2026, we continue to strengthen the foundation of our strategically important asset.”
The current TG resource estimate comprises 16.3 million tonnes grading 277.9 grams per tonne scandium oxide in the indicated category and 20.9 million tonnes grading 271.7g/t scandium oxide in the inferred category.
Scandium Canada is a critical minerals company developing North America’s only primary scandium source at its Crater Lake Project.
Write to Jackson Chen at Mining.com.au
Image: Scandium Canada
