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

Aerial view of a mine site with terraced pits surrounded by forest.

From Rock to Road: Investing in Ontario’s Looming EV Boom

The momentum around the global energy transition has underscored the critical importance of establishing secure, ethical and efficient critical mineral supply chains, leading to renewed interest in jurisdictions with the right resources but without the geopolitical baggage. And Ontario, Canada... Keep Reading...
UPS Batteries For Explosive (EX & ATEX) Environments

UPS Batteries For Explosive (EX & ATEX) Environments

Altech Batteries (ATC:AU) has announced UPS Batteries For Explosive (EX & ATEX) EnvironmentsDownload the PDF here. Keep Reading...
Blue battery with a US flag decal on a wooden surface.

Lithium Americas and GM Advance Thacker Pass with Landmark Federal Funding

Developer Lithium Americas (TSX:LAC,NYSE:LAC) has reached an agreement with General Motors (NYSE:GM) and the US Department of Energy (DOE) to unlock the first US$435 million installment of a landmark federal loan for its Thacker Pass lithium project in Nevada.The company confirmed on Wednesday... Keep Reading...
A glowing green digital battery with text overlay reading '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Lithium Americas Jumps 126 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Statistics Canada released its natural resource indicators report for the second quarter on... Keep Reading...
Closeup of battery tops with blue electric arcs above them.

Lithium Americas Shares Spike as Trump Admin Seeks Equity Stake

The Trump administration is pressing for up to a 10 percent equity stake in Lithium Americas (TSX:LAC,NYSE:LAC) as it renegotiates the terms of a US$2.26 billion loan tied to the Thacker Pass project. Two people familiar with the talks told Reuters on Tuesday (September 23) that the stake was... Keep Reading...
Livium Extends Agreement with LG Energy Solution until 2029

Livium Extends Agreement with LG Energy Solution until 2029

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd (Envirostream) - a leading battery recycler - has signed a new agreement ("Agreement") with LG Energy Solution to recycle and process lithium-ion batteries... Keep Reading...

Latest Press Releases

Related News