Critical Resources

Continued Spodumene Intersections at Mavis Lake Lithium Project

Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”), is pleased to advise that another six step-out holes have intersected significant spodumene-bearing pegmatite. 20 of 21 holes have intersected spodumene-bearing pegmatites within the Pegmatite 6 zone at the Company’s 100% owned Mavis Lake Lithium Project (“the Project”) in Ontario, Canada. Over 2,500 metres has now been drilled of the Company’s inaugural 5,000m drill program, at the Project.


Highlights

  • 20 out of 21 holes of the current drilling program have now intersected spodumene-bearing pegmatite mineralisation, with a further 28 drill holes (~2,500m) of the program to run

Hole 21:

  • 9.8 metres of ~14% silver-white, fine to medium spodumene laths hosted from 146.75 to 156.55 metres of pegmatite1, 2, 3

Hole 16:

  • 8.45 metres of ~17% silver-white, fine to medium spodumene laths hosted from 30.5 to 38.95 metres of pegmatite1, 2, 3

Hole 19:

  • 4.55 metres of ~10% white-grey, fine to large spodumene laths hosted from 114.1 to 118.65 metres of pegmatite1, 2, 3

Hole 20:

  • 4.45 metres of ~11% white-grey, fine to large spodumene laths hosted from 122.45 to 127 metres of pegmatite 1, 2, 3

Hole 17:

  • 2.95 metres of <5% white-grey, fine to large spodumene laths hosted from 87.25 to 90.2 metres of pegmatite1, 2, 3

Hole 18:

  • 2.9 metres of ~13% white-grey, fine to large spodumene laths hosted from 53.45 to 55.35 metres of pegmatite 1, 2, 3
  • 20 out of 21 drill holes have intersected spodumene-bearing pegmatite mineralisation  Samples and core from completed drill holes have been sent for analysis and are expected in due course
  • 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.



Click here for the full ASX Release

This article includes content from Critical Resources (ASX:CRR), 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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