23.1 Metres of Visual Spodumene-Bearing Pegmatite Intersected in Step-Out Hole 13

Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”), is pleased to advise that it has encountered visual spodumene in another four drill holes at its 100% owned Mavis Lake Lithium Project in Ontario, Canada (“the Project”).

Intersections include a 23.1 metre interval estimated at 32% spodumene in drill hole MF22-72 (Hole 13), which is a step-out hole targeting the Pegmatite 6 zone of mineralisation.

Highlights

Hole 13:

• 23.1 metres of ~32% white-grey to silvery-green, fine to large spodumene laths hosted from 142.25 to 165.35 metres of pegmatite, including : ^{1, 2, 3}
  • 2.3 metre interval hosts ~50% spodumene from 143.1 to 145.4 metres downhole
  • 1.6 metre interval hosts ~60% spodumene from 155 to 156.6 metres downhole
  • 2.0 metre interval hosts ~60% spodumene from 157.1 to 159.1 metres downhole
  • 2.8 metre interval hosts ~60% spodumene from 159.6 to 162.4 metres downhole

• 8.75 metres of ~27% white-grey to silvery-green, fine to large spodumene laths hosted from 110.5 to 119.25 metres of pegmatite, including: ^{1, 2, 3}
  • 3.15 metre interval hosts ~50% spodumene from 111.3 to 114.45 metres downhole

Holes 10 and 11:

• Other new drill hole intersections in the Pegmatite 6 zone include: ^{1, 2, 3}
  • 4.85 metres of ~10% fine to coarse spodumene laths from 101 to 105.85 metres downhole in Hole 10
  • 3.0 metres of ~10% fine to coarse spodumene laths from 84 to 87 metres downhole in Hole 11
•  12 out of 13 holes have intersected spodumene-bearing pegmatite mineralisation
• Due to the current success of the inaugural 5,000m drill program, exploration works on 28 new targets have been identified, including 11 high priority targets (ASX Announcement 12 May 2022) . Work has commenced to extend drilling to a ~10,000m program
•  Samples and core from completed drill holes have been sent for analysis and are expected in due course

Figure 1: Close up images of large white-cream coloured spodumene crystals intercepted in Hole MF22-72 (Hole 13)

Critical Resources Managing Director Alex Biggs said: “Hole 13 represents the widest intersection we have seen so far in our drill campaign. The fact that this intersection is at depth, further along strike and importantly a step out hole is significant for the Project and very exciting. The high-grade visual estimates are particularly intriguing and we’re seeing the fundamentals of Mavis Lake improving all the time. Working towards a JORC compliant Resource remains the key focus of the Company. We look forward to updating the market on further results as we receive them”.

Figure 2: Core comprising almost entirely of spodumene laths. Visual estimates were as high as 60% in metre-scale intervals in Hole MF22-72 (Hole 13)

Click here for the full ASX Release

This article includes content from [Company Name], licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.