Winsome Resources

Key Intersections Confirm Extent Of Footwall Zone At Adina

Lithium exploration and development company Winsome Resources (ASX:WR1; “Winsome” or “the Company”) is pleased to provide an update on exploration at its 100% owned Adina project in the James Bay region of Quebec, Canada.


HIGHLIGHTS

  • Assays from up-dip drill testing of the recently discovered Footwall Zone at Adina have confirmed high grade mineralisation continues towards the surface with results including:
    • 1.80% Li2O over 23.4m 150m below surface (AD-23-086),
    • 1.55% Li2O over 26.4m 125m below surface (AD-23-095), and
    • 1.06% Li2O over 16.9m 135m below surface (AD-23-085). (Results detailed in Table 1 below).
  • Main Zone intersections from the same drillholes at Adina confirm mineralisation occurs at surface with results including:
    • 1.28% Li2O over 28.5m from 2.8m (AD-23-086),
    • 1.18% Li2O over 22.2m from 14.8m (AD-23-095), and
    • 1.44% Li2O over 10.3m from 13.6m (AD-23-085). (Results detailed in Table 1 below).
  • Results are from drilling completed 50 metres north of previous drilling on these sections, with mineralisation remaining open to the north
  • Drilling has recommenced on site, with a total of 5 rigs expected to be drilling in the coming weeks.

Exciting new lithium drill intersections have been received from drilling testing up-dip extensions of the Main and Footwall Zones, with results confirming the Footwall Zone continues towards surface.

Drilling has also recommenced on site, with additional rigs being mobilised and fitted with tracks to improve mobility and increase efficiency with rig moves. A total of 5 rigs are planned to be drilling by the end of September or early October.

WINSOME’S MANAGING DIRECTOR CHRIS EVANS SAID:

“It is clearly a positive to have drilling underway again at Adina and we thank both RJLL and Winsome personnel who have worked hard to re-start drilling safely and rapidly. The installation of tracks on the drill rig will significantly improve the efficiency of rig moves and result in improved drilling meterage rates going forward as well as assist access in certain areas.

Our clear priority is to continue testing the near-surface extent of the recently discovered Footwall Zone, with these latest results confirming the high grade shallow nature of mineralisation at Adina. We look forward to stepping out in all directions with our next phase of drilling to fully test the extents of mineralisation at Adina ahead of defining our maiden resource later in 2023.”

Table 1. Key mineralised intercepts, Adina Main

Figure 1: Adina Drill Results – Cross Section 668980mE. (See Figure 3 for reference point)

Commentary on Drilling Results

Intersections reported in this announcement confirm the continuity of lithium mineralisation in drilling to the north of Adina Main, up-dip from previous intersections of the Main and Footwall Zones. New results received are shown on Figure 1 with all data from the programme to date included in the Appendices.

Importantly the results confirm the Footwall Zone continues towards surface, adding over 100 metres of mineralisation to the north-south extent of this zone and intersecting the upper contact at approximately 100 metres vertical depth (Figure 2 and 3). Further drill tests are planned to the north of this drilling to test the Footwall Zone closer to surface.

Due to the siting of these drill holes the Main Zone intersections are interpreted to represent partial intersections, being collared into outcropping or subcropping pegmatites from this zone. These holes achieved their target of defining the Main Zone mineralisation at surface for the purposes of resource delineation, but the intersections do not represent the complete 40m+ thickness of this zone (established from previous intersections reported by the Company as summarised in Appendix 2).


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
The Conversation (0)
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
Electric vehicle charging with blue background.

Market Pain, Strategic Gain: Pilbara Minerals' Dale Henderson on Today's Lithium Paradox

“(Lithium) is not for the faint-hearted. It demands resilience, foresight and leadership,” said Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) Managing Director and CEO Dale Henderson.

He was speaking at Fastmarkets’ Lithium Supply & Battery Raw Materials Conference, held this week in Las Vegas.

Henderson touched on three main points: current lithium market dynamics, how Pilbara Minerals is navigating the lithium landscape and his recommendations for the global lithium industry.

Keep reading...Show less
Glowing battery with green zigzag on a futuristic circuit board background.

Fastmarkets’ 2025 Lithium Conference to Tackle EV Growth, Battery Supply Chains and Market Outlook

Fastmarkets is set to host its 17th Lithium Supply and Battery Raw Materials Conference.

Scheduled to run from June 23 to 26 in Las Vegas, Nevada, the event will bring together global industry leaders to explore key topics shaping the future of the battery supply chain.

Discussions will cover lithium extraction technologies, including direct lithium extraction, as well as advances in processing, refining and recycling. More broadly, market outlooks, pricing trends and investment strategies will be analyzed alongside evolving ESG standards, policy impacts and risk management approaches.

Keep reading...Show less
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 person, Rinehart has investments in many of the world’s most strategic commodities such as lithium, rare earths, copper, potash and natural gas.

One of those investments is Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), which even in a low price environment for rare earths managed to secure nearly AU$1.5 billion in debt financing in mid-2024 to advance its Nolans project in the Northern Territory. With a 10 percent equity stake, Rinehart’s Hancock Prospecting is Arafura's largest shareholder.

Keep reading...Show less
Lithium Africa CEO Tyron Breytenbach.

Lithium Africa CEO Makes Case for Lithium Investing Amid Bear Market

The CEO of Lithium Africa is making a case for investing in lithium during the current bear market, saying recent moves by major players such as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) indicate confidence in the market's longer-term potential.

“(Rio Tinto) is the second biggest miner of commodities on the planet. And late last year, they did the Arcadium Lithium transaction, which is the second largest transaction in corporate history, and they've picked lithium," Tyron Breytenbach said during an interview with the Investing News Network.

"Shortly after that, they followed on with a big, multibillion-dollar investment in Chile. Again, the commodity they picked was lithium."

Keep reading...Show less
Truck with drill rig at sunset in a dry, grassy landscape.

Rock Bottom: Strategic Window for Ground-level Lithium Investment in 2025

When lithium prices hit bottom, savvy investors know that’s exactly where the next big discovery begins — literally. Beneath the surface of global markets and remote exploration grounds, new opportunities are forming in the wake of a sharp price reset and renewed geopolitical urgency.

Macroeconomic and policy shifts in 2025 are creating ideal conditions for those willing to look past the headlines. While volatility in lithium prices has tempered short-term sentiment, the underlying demand trajectory remains strong. With governments reshaping supply chains to reduce reliance on China and accelerate the energy transition, lithium is emerging not only as a critical resource, but as a strategic investment theme with long-term upside.

For investors, this reset isn’t a retreat; it’s a rare chance to get in early, at ground level.

Keep reading...Show less

Latest Press Releases

Related News

×