Critical Resources Ltd (ASX:CRR) has followed up its highest-grade lithium assays yet with more high-grade results just two weeks later, continuing the pattern of value extraction from the Mavis Lake Lithium Project in Ontario, Canada.
Read: Critical Resources returns highest-grade results yet from Mavis Lake Lithium Project in Canada
The company fielded results from three drill holes of note (MF22-81, MF22-82 and MF22-85), with highlights including:
- 14.7 metres at 1.09% lithium from 146 metres, including 8 metres at 1.61% from 146.9 metres and 1.5 metres at 3.36% from 151.5 metres;
- 13.2 metres at 1.30% from 163 metres, including 9.8 metres at 1.65% from 165.63 metres; and
- 15 metres at 1.19% from 148.15 metres, including 9.6 metres at 1.72% from 149.6 metres.
Building toward a JORC resource
“To follow our last results with another set of such high-grade assays is an excellent outcome for the company, and further builds our confidence in delineating a JORC-compliant resource in the near term,” Critical Resources non-executive director Alex Cheeseman said.
“We believe the last few rounds of assay results have been some of the highest grades released by an ASX-listed lithium company so far in 2022, this sets us up well to continue advancing the project and transition Critical Resources into a potential lithium project developer.”
Critical expects to receive assays for the recently drilled holes MF22-119 and MF22-121 in mid-October this year.
Drilling continues at the project, where the company has completed 11,676 metres of a recently extended 15,000-metre program.
CRR is also undertaking initial discussions with consultants to perform metallurgical test-work and resource modelling.