Critical Resources Ltd (ASX:CRR) has kicked off 2023 with an ambitious drill program at Mavis Lake Project in Canada, which will continue the company's work to define lithium mineralisation at the Mavis Lake Main Zone.
Drilling is scheduled to run throughout the year and this will follow up more than 19,800 metres of drilling completed in 2022.
Building on 2022
CRR aims to complete a minimum of 20,000 metres of diamond core drilling, building on the achievements of last year's 19,878-metre program.
Two diamond drill rigs are on site, the first focused on extension drilling of the Main Zone and the second rig to be used for both extension drilling and testing multiple mapped, outcropping spodumene-bearing pegmatites in the vicinity of the Mavis Lake Main Zone.
CRR managing director Alex Cheeseman said: “Following the success of the 2022 drilling program and the exceptional results we have delivered from Mavis Lake, including some of the highest grading assay results released in 2022, it is exciting to have commenced another significant drilling campaign in 2023.
Focus and commitment
“Our actions and efforts to invest in large-scale drilling, reflect our focus and commitment to advancing the Mavis Lake Lithium Project.
“We have extension drilling underway, drill-ready targets surrounding the Main Zone and assays from 29 drill holes pending from our 2022 program.
“We look forward to continuing to update the market as results become available and are set for another very busy year.”
Initial program objectives
The 2023 drill program is focused on expanding the down-dip extension of multiple spodumene-bearing pegmatite stacks within the Mavis Lake Main Zone.
A lower pegmatite stack, identified late in the 2022 drilling program, will also be tested.
CRR is waiting on 29 drill hole assays from the 2022 program, which will also influence its 2023 exploration activities.
More to explore
In other news, CRR has snapped up the Gullwing-Tot Lakes claim titles from Power Metals Corp.
Mavis Lake project area following Gullwing-Tot Lakes acquisition.
Following the completion of a flow-through funding-based capital raise in the last quarter of 2022, the company is well-capitalised to complete the planned drill program at Mavis Lake.
The funding gives the company some room for additional drilling as results come in, as well as other forms of on- and in-ground exploration work.
The full exploration program for 2023 is being finalised and will include efforts at both the Mavis Lake site and the Gullwing-Tot Lakes properties.
To date, drilling at Mavis Lake has only covered approximately 1% of the total land area held by CRR.
Given the significant exploration potential, the company expects to conduct a range of exploration techniques during the Canadian summer months.