Critical Resources

District-Scale Potential at Mavis Lake Northern Prospects with Multiple Drill Targets

Lithium exploration and project developer Critical Resources Limited (ASX:CRR) (“Critical Resources” or “the Company”) is pleased to report highly encouraging workstreams underway over the northern prospects at its flagship 100%-owned Mavis Lake Lithium Project in Ontario, Canada.


Highlights

  • Multiple exploration techniques being deployed to refine future drill targets surrounding the large spodumene-bearing outcrops in the northern prospects of the Mavis Lake Project Area (Gullwing and Tot).
  • Comprehensive Mobile Metal Ion (MMI) soils program completed by CRR field crews, with 1,356 soil samples collected proximal to the outcropping Tot Pegmatite.
  • UAV-Borne Magnetometry Survey commenced flying in late October, at low elevation, with tight 25m line spacing to deliver granular detail for structural delineation.
  • Capture of LiDAR survey and orthometric imagery completed with data analysis ongoing.
  • District-scale potential highlighted with up to 8km in length of known LCT-Type pegmatite clusters identified.
  • Active drilling program continues to test and extend the significant Swell Zone at Mavis Lake.
High-Confidence Target Development

Since acquiring the Gullwing and Tot properties in late 2022, the Company has been diligently developing and refining drill targets around this large-scale prospect. Fieldwork has continued during the month of October, following on from successful highly encouraging litho-geochemical results from the earlier 2023 spring field program and taking advantage of the final fieldwork window before snowfall sets in.

Combining and layering multiple exploration techniques and outputs – including geological mapping, litho-geochemical sampling as well as LiDAR and airborne-magnetometry surveys – will help to refine higher-confidence drill targets around the already known large-scale spodumene- bearing outcrops.

The results of the current programs are pending and will be used to produce geological, geochemical and geophysical overlays, which in combination with previous field work programs, will be extremely useful to determine high priority, high-confidence drill targets.

Mobile Metal Ion (MMI) Soil Survey

An MMI survey was chosen to be carried out as it has a track record of success with identifying LCT pegmatite deposits, specifically when overlain by the glacial lacustrine overburden.

The Company engaged highly-credentialed lithium exploration company Coast Mountain Geological Ltd. to provide field personnel and equipment for the MMI program, which was completed over a two week period.

The MMI orientation survey consisted of 1,356 glacial lacustrine overburden samples being collected. A depth of 40-50cm below the organic-horizon was targeted, with each sample weighing approximately 300g.

Samples have been shipped from Critical Resource’s Dryden Core Facility to an SGS Laboratory located in Burnaby, British Columbia, Canada. A 53 element Standard package – Mobile Metal Ion (MMI) leach, ICPMS will be conducted on the samples with results expected in 6-8 weeks.

Figure 1 – MMI Sample labeled and ready for shipment for MMI analysis.

UAV Magnetometry

Critical Resources also scheduled a UAV-Magnetometry survey, at a tight 25m line spacing with 250m tie lines pattern, to be flown at low altitude across the entirety of the prospective LCT-Type pegmatite corridor of the Gullwing and Tot Prospects (see Figure 2).

The survey commenced in late October and is expected to conclude in early November with results expected in December 23/January 24.


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.

CRR:AU
The Conversation (0)
Critical Resources

Critical Resources

High-grade Lithium Portfolio, in a Tier 1 Location, Aligned with the World’s Green Energy Transition

High-grade Lithium Portfolio, in a Tier 1 Location, Aligned with the World’s Green Energy Transition Keep Reading...
Two glowing green batteries on grass with small white flowers.

Why SQM Says Social Dialogue is Key to Sustainable Lithium

As scrutiny continues to intensify across the battery metals supply chain, the conversation around sustainability has moved far beyond carbon footprints. At this year’s Benchmark Week, Stefan Debruyne, director of external affairs at Sociedad Quimica y Minera de Chile (SQM) (NYSE:SQM), made that... Keep Reading...
Colorful batteries arranged by size against a dark textured wall.

Battery Storage Market Surging as Electricity Demand Enters New Era

Speaking at Benchmark Week, Iola Hughes, head of battery research at Benchmark Mineral Intelligence, outlined a market that is undergoing “very strong growth" and becoming indispensable to energy security.Hughes described energy storage as the fastest-growing segment in the battery sector today.... Keep Reading...
Gina Rinehart, executive chair of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry. After taking the helm of her father’s iron ore firm Hancock Prospecting in 1993, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest... Keep Reading...
Long State Funding Update

Long State Funding Update

Atlantic Lithium (A11:AU) has announced Long State Funding UpdateDownload the PDF here. Keep Reading...
Finger pushing block to form "restart" on orange background.

CATL Reportedly Plans to Restart Key Chinese Lithium Mine by December

Contemporary Amperex Technology (SZSE:300750,OTC Pink:CTATF) is preparing to restart its Jianxiawo lithium mine in Jiangxi province as soon as early December, sources familiar with the matter told Bloomberg.The sources, who declined to be named, said the company, better known as CATL, has asked... Keep Reading...
Person holding gavel and digital dollar symbols, symbolizing financial decision making.

Liontown Resources’ Spodumene Auction Attracts Nine Countries

Liontown Resources (ASX:LTR,OTC Pink:LINRF) held its first digital spot sales auction for 10,000 wet metric tonnes of spodumene concentrate from its Kathleen Valley lithium operation in Western Australia.The auction, which attracted over 50 buyers from nine countries, was conducted on Metalshub,... Keep Reading...

Latest Press Releases

Related News