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Winsome Resources (ASX:WR1; “Winsome” or “the Company”) is pleased to announce further high-grade assay results from drilling at its 100 per cent-owned Adina project in Quebec, Canada.
HIGHLIGHTS
- Latest intersections confirm the impressive tenor and thickness of the lithium mineralisation through the Main Zone at Adina. The full results are set out Appendix 1 to this announcement and include:
- 1.64% Li2O over 47.4m from 32.7m (AD-22-042),
- 1.35% Li2O over 55.5m from 28.0m (AD-22-036),
- 1.26% Li2O over 59.4m from 41.6m (AD-22-035),
- 1.56% Li2O over 44.7m from 26.3m (AD-22-041),
- 1.14% Li2O over 54.8m from 2.2m (AD-22-006), and
- 1.08% Li2O over 44.0m from 123.0m (AD-22-059).
- Exceptionally high-grade zones continue to be intersected within the pegmatite body such as:
- 2.40% Li2O over 9.0m from 49.0m (AD-22-036),
- 2.00% Li2O over 15.1m from 26.3m,
- 1.92% Li2O over 18.0m from 48.0m (AD-22-041),
- 2.15% Li2O over 14.6m from 32.7m,
- 1.78% Li2O over 23.0m from 55.1m (AD-22-042), and
- 2.82% Li2O over 6.0m from 84.0m (AD-22-046) (see Appendix 1 for further details).
- Assays have now been received from 21 drillholes of 38 holes completed to date.
- Third drill rig to be mobilised to Adina in coming weeks to further investigate potential strike length and depth extension of main pegmatite body and follow up on other gravity targets.
Assays are from the central portion of the Main Zone at Adina and include several +50 metre intersections above grades of 1% Li2O. Key results are shown in Figure 1 and summarised in Table 1 below.
Intercepts are calculated using a 0.3 % Li2O cut-off grade, a minimum thickness of 5m and including up to 7m of internal dilution. A full list of intersections can be found in Appendix 1 below and drillhole locations are shown on Figure 3. Other relevant drilling data is included in the appendices.
WINSOME RESOURCES MANAGING DIRECTOR CHRIS EVANS SAID:
“Results from drilling are demonstrating that Adina is a robust lithium project well placed for development to supply future North American demand. We have intersected mineralisation on every drill section over a 700- metre strike length. More importantly the consistency of grade and width through the core of the deposit is very encouraging and gives encouragement for the future development of the project. The assay results are supporting our initial interpretations based on logged spodumene-bearing pegmatite zones which allows us to plan drilling effectively and efficiently without having to wait for assay data. Having recently been on site and seeing the exceptional work done to date I am grateful to our team for their hard work to fast track this project and look forward to both more drilling data and more assay results in coming weeks.”
Figure 1: New Results from Adina Main Zone Drilling Oblique view looking to west over conceptual model of pegmatite body.
Adina Main Zone results commentary
Intersections in Table 1 display consistent widths (downhole) and thicknesses of spodumene-hosted lithium mineralisation through the central portion of the Adina Main Zone. Downhole widths of 40 – 50 metres have been frequently encountered with grades over 1% Li2O. Exceptional high grades continue to be present at the top and base of the pegmatite body, closest to the contact with the regional amphibolites.
The assay results presented in this release are from 14 drillholes in the central portion of the Adina Main Zone (which covers the Jamar discovery, Figure 1). These holes were drilled in November-December 2022.
Over 8,600 metres have now been drilled in 38 holes at the Adina Main Zone (Appendix 3), defining a substantial continuous pegmatite body over a strike length of approximately 700m and to depths 200 metres from surface (Figure 2). Based on drilling intersections the pegmatite body pinches and swells along strike and down-dip which, along with the variations in the tenor of lithium mineralisation, is likely to indicate multiple phases of pegmatitic intrusions over time and possible compositional variations between phases in addition to zonation within phases. Both geochemistry and mineralogy are to be used to better map the individual phases and aid future drill targeting.
Mineralisation remains open along strike to the east and west of these results as well as down dip. Assays are awaited from some 16 drillholes and drilling continues at site with two rigs in operation (Figure 2).
Recent drilling completed includes a fence of drillholes which successfully intersected spodumene bearing pegmatite along strike from holes AD-22-042 and AD-22-046, to the east of section E02 (refer to Table 2 and Figures 2 and 3).
Drilling is currently testing the pegmatite body down dip of the intersections reported here and previously1 after which step outs to the east of holes AD-23-071 – 073 are planned to be drilled.
A further potential strike extension of the pegmatite body to a total of 1,600m has been interpreted based on recent drilling results and geophysical surveys2, with a third drilling rig being mobilised to site to fast- track drilling of these targets as well as those delineated by ground gravity surveying.
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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 Investor Kit
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Winsome Further Expands Lithium Exploration Footprint in Quebec
Highlights:
- Exclusive option agreement executed for Winsome to acquire and explore a further 259 claims, totalling 149 km2 in the highly sought after greater Decelles region of Quebec, Canada
- Option agreement expands Winsome’s lithium exploration footprint in Quebec, enlarging Company’s recently acquired Decelles claim area by nearly 40%
- This expanded area, known as Mazérac, is located around the Decelles Reservoir, about 50km southwest of Val-d’Or and easily accessible by a network of forestry roads
- The region has seen much recent staking and prospecting activity, including highgrade spodumene discoveries by Vision Lithium at their nearby Cadillac property1
- Enlarged property holding is highly complementary to Company’s 100% owned, existing projects in the James Bay region – Cancet, Adina and Sirmac-Clapier
The Company has entered into an exclusive option agreement to acquire 258 claims from Mr Glenn Griesbach and one claim from Mr de Keyser, totalling 149km2 in the prospective Mazérac region of Quebec, Canada. This is within the greater Decelles area, where the Company also acquired new property in January 20222 .
Mazérac is located close to the mining centres of Val-d’Or and Rouyn-Noranda, approximately 600km from Montreal. The Company has signed an exclusive option agreement to explore and subsequently acquire the claims over a 24-month period.
Mr Griesbach is a Canadian-certified geologist with more than 40 years of mineral exploration experience across Canada, Africa, China, and Southeast Asia. Mr de Keyser is a seasoned local prospector of First Nation heritage, with a strong understanding of the Mazérac region.
By entering into this agreement, the Company further expands its land holding in Quebec, exploring a new area of the province known for granitic and pegmatitic outcrops. The area is located close to infrastructure and the major mining centres immediately adjacent to recent lithium discoveries1 (see Figure 1 map)
Managing Director Chris Evans said:
“We are delighted to have entered into the option agreement for a further 259 claims at Mazérac in the Decelles region. There has been a considerable amount of recent lithium focused activity in the surrounding region, with several public and private companies making successful discoveries.
“By acquiring this project, we significantly increase the Company’s prospective lithium landholding in Quebec and continue towards achieving our vision of supplying high grade lithium products into the North American battery supply chain.”
Transaction details
Winsome has entered into an exclusive option agreement to acquire 259 claims from Mr Griesbach under the following broad terms:
- An upfront fee of AUD$75,000, paid in WR1 shares
- AUD $250,000 paid in three tranches of WR1 shares, based on the five-day VWAP from last week’s trading (AUS $0.47). This will equate to:
- 177,000 WR1 shares issued now
- 177,000 WR1 shares issued on 3 May 2023
- 177,000 WR1 shares issued on 3 May 2024
- A 2% Net Smelter Royalty (NSR) over the properties which can be reduced to 1% at any time for a consideration of AUD $1,000,000
Once the final payment of 175,000 WR1 shares is made on 3 May 2024, the 259 claims will transfer to Winsome’s Canadian subsidiary.
The Company also has the ability to accelerate the acquisition at any point within the next 24 months and have the claims transferred immediately by issuing all shares due to Mr Griesbach.
As a separate transaction, the Company paid Mr de Keyser CAD $20,000 to acquire outright the ‘Nippy Hill’ claim which is contiguous to the other Mazérac claims described above.
Click here for the full ASX Release
This article includes content from Winsome Resources Limited, 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.
Quarterly Report for Period Ending 31 March 2022
Quarter Highlights
Exploration- Entered into exclusive option agreement to explore and acquire 669 claims in the highly prospective Decelles Region
- Sourced drill rig, planned combined infill/extension drilling campaign at Cancet
- Commenced 2,100m program in mid-March 2022 at Cancet
- Commenced gravity survey at Cancet
- Made contact with First Nations Cree people and discussed details of Winsome exploration at Cancet. Meeting planned for PDAC conference in June
- Meeting with representatives of the Northern Quebec Regional Directorate for the Department of Energy and Natural Resources to discuss project details
Health and Safety
- In excess of 3,500 hours worked on site at Cancet as part of the drilling and survey, with no lost time or safety incidents
- All contractors and staff remained COVID safe throughout winter exploration activities
Corporate
- Commenced trading on Frankfurt Exchange under code 4XJ
- Application submitted to trade on New York’s OTCQB
- Launched unmarketable parcel facility to reduce administrative costs associated with shareholdings of less than AU$500 in value
- Attendance at Mines and Money& Battery Materials conference
- Discussions held with potential strategic partners
- Acquired new equipment and facilities including skidoo, company truck, base of operations in Rouyn-Noranda, Quebec
- New office secured, located with corporate/IR advisors to reduce overhead costs and enhance synergies by working in the same location
EXPLORATION ACTIVITIES
Decelles Acquisition
Immediately after listing, Winsome formed a partnership with Glenn Greisbach, a Quebec regional geology specialist, to expand its land portfolio by discovering and acquiring new properties in Quebec with a high degree of lithium potential.
This led to Winsome entering into an exclusive option agreement in late January 2022 to acquire 669 claims, totalling 385km2, in the prospective Decelles region of Quebec, Canada. Decelles is located close to the mining centres of Val-dÓr and RouynNoranda, approximately 600km from Montreal. The Company signed an exclusive option agreement to explore and subsequently acquire the claims over a 24-month period.
By entering into this agreement, the Company can more than double its land holding in Quebec and explore a new area of the province known for granitic and pegmatitic outcrops, located close to infrastructure and the major mining centres immediately adjacent to recent lithium discoveries (see Figure 1).
Click here for the full ASX Release
This article includes content from Winsome Resources Limited , 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.
Spodumene Pegmatite Discovery at Esperança Project in Brazil Yields LIBS Results up to 4.04% Li2O
The discovery has been made during early-stage exploration programs which include project scale geological mapping, ground reconnaissance, and soil sampling. These early-stage programs remain ongoing with further results to come over the coming weeks. The discovery supports the Company’s exploration thesis and uplifts the remaining prospectivity across all three project areas: Canabrava, Caraíbas and Esperança projects.
HIGHLIGHTS
- Artisanal excavations reveal a lithium bearing pegmatite with elongate crystalline spodumene crystals up to 50cm in length
- LIBS (Laser Induced Breakdown Spectroscopy) results of spodumene crystals return up to 18,800 ppm Lithium, or 4.04% Li2O
- Discovery provides walk up drill target for fully funded drilling campaign to begin Q1 2025
- Soil sampling and geological mapping continues across the Esperança, Canabrava and Caraíbas projects with further results due over the coming weeks
Lightning Minerals Managing Director Alex Biggs said, “I am highly encouraged by these results from Brazil. As I have spoken about, as a team we are committed to discovery and completing our works in a diligent and structured manner, the proof of which is in these results. The Company is progressing its projects in Brazil quickly and cost effectively and generating significant results for the business which we feel will be transformational. I am proud of and congratulate our geology teams both in Australia and Brazil who have conducted themselves in a professional and astute manner which has been crucial in making a discovery such as this. This is a great first step for us in Brazil and is testament to the prospectivity of the region as I have discussed previously. We look forward to drilling in Q1 2025 and further results to come imminently from all three project areas in Brazil. I would also like to thank our shareholders who have supported our vision and exploration strategy. As a Company we are firmly committed to the lithium thematic and firmly committed to Brazil where we see significant potential moving forwards”.
Lithium Discovery at Esperança Project
During geological mapping fieldwork conducted in mid-November 2024 field geologists encountered a previously unknown historical artisanal mine within the Esperança project area. The site presented with a small access which opened into a set of sub vertical shafts sunk several meters into schists of the Salinas formation. Upon investigation the geology team has discovered pegmatitic lithologies in the walls of the excavations, of which the suite of minerals indicates inclusion of macro crystalline (up to 50cm) elongate crystals of spodumene as shown in Figure 1(a) and Figure 1(b).
Figure 1a (left): Brazilian geologist Vitor Araujo Alves showing the spodumene rich portion of the zoned pegmatite discovered at the Esperança Property. Figure 1b (right): Large elongate spodumene crystals (Spd) up to 50cm in length showing homogeneous growth patterns amongst a quartz (Qtz) and Feldspar (Fdsp) rich matrix
The Company’s geologists have collected selective mineral specimen grab samples in sample VLM207 (Figure 2). Six separate minerals have been analysed via a SciAps Z-903 hand-held LIBS (Laser-Induced Breakdown Spectroscopy) device which has returned lithium endowment of up to 18,800 ppm lithium, which equates to a lithium oxide percentage of 4.04% Li2O.
The SciAps Z-903 handheld LIBS device is considered a qualitative analysis technique only and is used as an in-field preliminary check to establish if a mineral is lithium-bearing. Certified laboratory assays are required to provide accurate, quantitative analysis. A table of the six SciAps Z-903 handheld LIBS results testing the spodumene crystals is shown in Table 1. A full table of results are presented in Appendix 2, Table 2.
While the current field observations indicate that the mineral identified is a lithium-bearing mineral, the percentage of lithium produced from the LIBS analyser does not correlate to an accurate quantitative measurement of the lithium concentration of the mineral itself, or to the overall grade of the pegmatite.
Click here for the full ASX Release
This article includes content from Lightning Minerals, 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.
Winsome Resources CEO Chris Evans: Sustainable Hard-rock Lithium Opportunities in Quebec Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects