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Mining

Critical Resources appoints Cyr Drilling International as drilling contractor for its Mavis Lake Project

The program, which comprises 49 holes for a total of 5,000 metres, is expected to commence in April 2022.

Critical Resources Ltd (ASX:CRR) has appointed Cyr Drilling International as the drilling contractor for the planned upcoming maiden drill program at its Mavis Lake Lithium Project in Ontario, Canada.

The program, which comprises 49 holes for a total of 5,000 metres, is expected to commence in April 2022.

Previous exploration results have demonstrated excellent potential for resource definition and expansion.

Further expand mineralisation extent potential

Critical Resources managing director Alex Biggs said: “We are pleased to announce the appointment of Cyr Drilling as our contractor for the conduct of drilling activities at Mavis Lake.

“Cyr provides a strong track record in safety, a high level of expertise and employment of best practice principles.

“Historical drilling at Mavis Lake has returned multiple high-grade lithium intersects downhole.

“The purpose of this drill program is to confirm historic drilling from 1956 to 2016 and further expand the mineralisation extent potential of the observed pegmatites.

“We welcome Cyr Drilling as our drilling partner for Mavis Lake and look forward to working together on the Project.”

Planned drilling

Drilling on the property has occurred intermittently since 1956.

Work will be focused on the southern pegmatite outcrop (Pegmatite 6) with the remainder taking place on the northern outcrops (Pegmatite 17 and 18).

By drilling validation holes, infill holes and extensional holes, the company will be moving closer to delineating a JORC compliant mineral resource.

Previous exploration campaigns at Mavis Lake have confirmed the presence of lithium-bearing pegmatites.

The recently conducted airborne survey demonstrated the potential continuity of geological trends between Pegmatite 6 and Pegmatite 18.

This potential continuity represents new areas of interest for the company that will be investigated via surface mapping and sampling with the aim of identifying new drill targets

Permitting and stakeholder engagement

Permitting is progressing well and as expected.

Critical Resources will update the market in due course.

Mavis Lake Project

The Mavis Lake Lithium Project, 19 kilometres east of the town of Dryden, Ontario, is close to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.

The region, a well-established lithium province with multiple projects, boasts of excellent infrastructure with hydro-power located a few kilometres to the southwest of the project.

Previous drill programs have yielded high-grade lithium oxide intercepts including:

➢ 55.25 metres at 1.04% lithium oxide from 80.75 metres; and

➢ 26.30 metres at 1.70% lithium oxide from 111.9 metres including 7.70 metres at 2.97% lithium oxide from 130.5 metres.

These results present significant exploration potential and a future work program has been determined.

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