Critical Resources

29.9m of Spodumene-Bearing Pegmatites Intercepted in step-out hole, extending known strike length

Critical Resources Limited (ASX:CRR) (“Critical Resources” or “the Company”) is pleased to advise the latest results from its current drilling campaign at the Company’s 100 per cent-owned Mavis Lake Lithium Project (“the Project”) in Ontario, Canada.

Highlights

  • Multiple spodumene-bearing pegmatite dykes intersected in step-out hole MF22-121, including a near surface intersection of 20.8m from 45.25m to 66.05m downhole
  • Drill collar for MF22-121 steps out 50m to the east of any previous drilling
  • A total of 56 of 62 drill holes have intersected spodumene-bearing pegmatite
  • The lateral width of mineralised pegmatite at Mavis Lake project continues to extend to the east, providing confidence for increasing scale and potential resource

The spodumene-bearing pegmatite zones intersected in MF22-121 are approximately 50m to the east of previously announced MF22-116 and MF22-117 spodumene bearing pegmatite zones (refer to ASX Announcement 2 August 2022 and ASX Announcement 9 August 2022). These zones (as determined by visual assessment) illustrate further continuity of the lithium enriched zones confirmed in the Company’s Phase 1 drilling program and subsequent/ongoing assay reporting.

Continued intersection of pegmatite provides support to the building geological assessment of significant pinching and swelling throughout the pegmatites and possibly a plunge trending towards the northwest. Understanding the geometries and plunges of the pegmatites will aid in further zone delineation as the Company continues to test the continuity to the east of Pegmatite 6, towards Pegmatite 18. Refer to table 1 for further details on holes MF22-119 to MF22-121.


Click here for the full ASX Release

This article includes content from Critical Resources, 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.

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