Critical Resources Ltd (ASX:CRR) has confirmed the presence of lithium enrichment from its preliminary prospecting campaign at the recently acquired Graphic Lake Project in Ontario, Canada.
Assays demonstrate elevated anomalous lithium levels, higher than minimum background levels – which further suggests a LCT-type pegmatite system.
Looking ahead, these results warrant additional exploratory activities to take place to identify drill targets within the project.
“Proving geological continuity”
Critical Resources managing director Alex Biggs said: “It is an excellent outcome to receive assays that confirm lithium enrichment at Graphic Lake.
As an early-stage project, we feel that we can employ a strategic and structured exploration strategy to begin delineating further mineralisation with a target of defining a JORC-compliant resource.
“Our initial focus will be on proving geological continuity before defining drill targets.
Graphic Lake is a fantastic addition to our advanced Mavis Lake Lithium Project as we expand our footprint in Ontario and accelerate exploration efforts.
“We look forward to keeping shareholders updated as our strategy unfolds.”
Prospecting work
Prospecting undertaken in 2021 saw 12 rock chip samples and one float sample obtained across the Graphic Lake property.
Notably, these assays have confirmed lithium and rare earth element enrichment across the property, warranting additional exploratory activities to take place
Further, samples were sent to Activation Laboratories, Ancaster, Ontario, Canada for assaying.
Interestingly, highly promising initial results demonstrate the strong value proposition of low-cost project acquisition.
Locations of prospecting samples and lithium values.
Forward plan
CRR’s work program is underway to identify drill targets at Graphic Lake.
In addition, the permitting process for exploration has commenced.
Furthermore, the locations of the samples support the geological interpretation of a NE/SW trending pegmatite swarm which will be the focus of upcoming exploration activities.