Critical Resources Ltd (ASX:CRR) is extending drilling at its 100%-owned Mavis Lake Lithium Project in Ontario, Canada, after the current campaign uncovered an abundance of spodumene mineralisation, as it accelerates a maiden JORC-compliant resource.
Mineralisation appears to have increased in multiple zones from 9,481-metres of infill drilling in phases one and two. Visual estimates have confirmed as high as 40% spodumene laths within pegmatite over 6.25 metres in MF22-1231.
The extended phase three drilling will now target the east of the main zone, continuing along strike in 100-metre drill-hole spacings to further delineate the spodumene-bearing pegmatites.
Assay work is continuing and the results will be released as received.
Recent significant visual estimates of exploration results.
Phase four in the works
Critical Resources chairman Robert Martin commented: “Having recently been on the ground at Mavis Lake and seeing the results that our in-country geologist, geological consultants and drilling crews are achieving, it was a very easy decision to increase the current program.
“Having consistently intercepted spodumene-bearing pegmatites and increasing strike length in a previously untested area is an excellent outcome, we believe our phase three program will continue this trend.
“We look forward to the phase three drilling program confirming our view that the mineralised zones are continuing to the east, towards an area that has known and mapped pegmatites, providing a potential strike length up to 3 kilometres long.
The company’s confidence in the asset, as we work towards delineating a maiden JORC-compliant resource, is strong and as such we have begun early stage planning and permitting for a phase four program.”
Plan map of historic, active, and proposed Phase 3 drill collar locations.
About Mavis Lake
The Mavis Lake Lithium Project is 19 kilometres east of the town of Dryden in Ontario and in close proximity to the Trans-Canada highway and railway and major transportation arteries, which link larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.
The region boasts excellent infrastructure with hydropower located a few kilometres to the southwest of the project. The region is an emerging lithium province with multiple projects located nearby.