Winsome Resources

Adina Main Strike Length Extended by 300m to Over 1,300m

Lithium exploration and development company Winsome Resources (ASX:WR1; “Winsome” or “the Company”) is pleased to announce that drilling has extended lithium mineralisation by over 300m at the 100% owned Adina project in the James Bay region of Quebec, Canada.


HIGHLIGHTS

  • Lithium mineralisation has been extended by 300m east at Adina between the Main and Far East Zones
  • Strike length of mineralisation at Adina Main Zone defined by systematic drilling now increased to over 1,300m
  • Recent results from the Main zone are detailed below and include:
    • 1.24% Li2O over 13.6m from 20m below surface (Main, AD-23-014),
    • 1.52% Li2O over 12.1m from 90m below surface (Main, AD-23-076),
    • 1.63% Li2O over 9.0m from 10m below surface (Main, AD-23-076),
    • 1.23% Li2O over 8.3m from 5m below surface (Main, AD-23-016)
  • Up dip drill testing of Footwall Zone to the north also confirms mineralisation closer to surface.
    • 1.42% Li2O over 18.0m from 280m below surface (FWZ, AD-23-074),
    • 1.04% Li2O over 18.3m from 135m below surface (FWZ, AD-23-012),
    • 1.23% Li2O over 11.4m from 195m below surface and 1.14% Li2O over 11.3m from 215m below surface (FWZ, AD-23-032).
  • Drilling will continue until the 20th December, with 4 drill rigs focussed on the increased volume of resource drilling required to define the expanding body of lithium mineralisation at Adina
  • 5th drill rig about to commence exploration drilling on new targets at Adina
  • New service providers engaged to improve assay turnaround times
  • Resource, Environmental and Project Development Studies to support the development of Adina are ongoing


Recent results have resulted in an increase in the strike length of mineralisation defined by systematic drilling to 1340m as well as confirming the continuity of mineralisation between Adina Main and Adina East.

High grade mineralisation also continues to be intersected north of Adina Main, with further results from the near surface up-dip extensions of the Main and Footwall Zones as detailed in Table 1 below.

Drilling is increasing in pace following the remobilisation of rigs after the wildfire emergency, with 4 drill rigs focussed on the increased volume of resource drilling required to define the expanding body of lithium mineralisation at Adina. A further 5th rig is about to commence exploration drilling on new targets at Adina.

Resource, Environmental and Project Development Studies to support the development of Adina continue on site. These include an aquatic DNA testing programme in the region and the installation of a weather station to gather baseline environmental data ultimately needed for project approvals.

Click here for the full ASX Release

This article includes content from Winsome 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.

WR1:AU
Winsome Resources CEO Chris Evans: Sustainable Hard-rock Lithium Opportunities in Quebec

Winsome Resources CEO Chris Evans: Sustainable Hard-rock Lithium Opportunities in Quebec Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
mountain lake

Winsome Resources CEO Chris Evans: Sustainable Hard-rock Lithium Opportunities in Quebec

For the mining industry, Quebec is a region synonymous with opportunity. Not only does it contain rich deposits of over 30 minerals, but it is also host to a tremendous amount of unexplored and underexplored land.

Factor in highly-favorable mining policies and immense reserves of critical metals such as lithium, and it's clear to see why it has the attention of so many mining companies.

This confluence of factors makes Quebec an excellent target for international mining investment, and many Australian companies have already staked claims in the area.

Keep reading...Show less
Restructure of the Renard Option

Restructure of the Renard Option

Highlights

  • Reduction of initial payment upon exercise of the option from C$15 million to C$1 million .
  • The balance of the Renard consideration payment delayed until 2026 and 2027.
  • Renard Option restructure preserves shareholder value by deferring material payments by 12 months and extending the payment consideration period to 30 months from exercise.
  • Option to Acquire the Renard Project extended to 28 February 2025 , at a cost of $2 million .
  • Extension gives Winsome scope to explore opportunities to bring in a strategic partner in 2025 and assess various commercial and corporate opportunities to reduce the costs associated with the potential acquisition.

Lithium explorer and developer Winsome Resources (ASX: WR1) (Winsome or the Company) announces it has agreed to an amended consideration structure with Stornoway Diamonds ( Canada ) Inc. ( Stornoway ) and 11272420 Canada Inc. (together the Vendors) whereby Winsome elects to exercise its exclusive option over the Renard Project (Option) 1

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Winsome Resources

Winsome Further Expands Lithium Exploration Footprint in Quebec

Perth-based lithium exploration and development company Winsome Resources (ASX:WR1; “Winsome” or “the Company”) is pleased to advise it has partnered with geology specialist Mr Glenn Griesbach and with local prospector Mr Marc de Keyser.

Keep reading...Show less
Winsome Resources

Quarterly Report for Period Ending 31 March 2022

Winsome Resources Limited (ASX: WR1) ("the Company" or "Winsome Resources ") is pleased to report on its Quarterly activities for the period ending 31 March 2022.

Keep reading...Show less
  Loyal Lithium Limited

Strategic Consolidation of Hidden Lake and Board Changes

Loyal Lithium Limited (ASX:LLI) (Loyal Lithium, LLI, or the Company) is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial LLI shareholder. Mr. Blair Way, Non- Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company's growth initiatives. The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater flexibility and optionality to deploy innovative exploration and development solutions.

Keep reading...Show less
Drilling Commences at the Barra Lithium Project in Brazil

Drilling Commences at the Barra Lithium Project in Brazil

Summit Minerals Limited (ASX:SUM) (“Summit” or the “Company”) is pleased to announce that Summit’s maiden drilling program has commenced at the recently acquired 100% owned Barra Lithium Project (“Barra”).

The Barra Lithium Project consists of four recently acquired tenements that are located within close proximity to the existing operating Miranda Lithium mine that is within the Borborema Pegmatitic Province (“BPP”) in northeast Brazil.

Keep reading...Show less
Lithium Universe

Lithium Universe


Keep reading...Show less
CleanTech Lithium (AIM:CTL)

Issue of Equity and TVR


Keep reading...Show less
Winsome Resources CEO Chris Evans: Sustainable Hard-rock Lithium Opportunities in Quebec

Winsome Resources CEO Chris Evans: Sustainable Hard-rock Lithium Opportunities in Quebec Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×