Mavis Lake High-Grade Lithium Mineralisation Strike Length Extended To 1,300m

Highlights

• Assay results from 30 drill holes confirm significant lithium mineralisation, extending the known lithium mineralised strike length by 550 meters (total length confirmed at 1,300m)
  
• Latest assays continue to demonstrate consistently high lithium grades at Mavis Lake, with multiple intercepts grading over 1.2% Li20 and sections of extremely high-grade up to 4.2% Li2O
• Standout assays include:
  • MF22-129 with 7.1m @ 1.23% Li2O from 13.35m downhole
  • MF22-149 with 7.6m @ 1.30% Li2O from 135m downhole
  • MF22-150 with 7.7m @ 1.23% Li2O from 183.82m downhole
• Results to be included in the JORC 2012 compliant Maiden Mineral Resource Estimate
• 18,500m of drilling completed so far in 2022, with assays pending from 26 drill holes
• Fully funded drilling program to continue throughout the Canadian winter

Critical Resources’ Managing Director Alex Cheeseman said:

“The Company has been actively drilling and developing the Mavis Lake project for almost a year, and we are very pleased with another round of excellent results.

In less than two months, the strike length of known lithium mineralisation at Mavis Lake’s main zone has increased significantly and remains open, our drilling strategy is delivering results that will directly support our maiden resource.

Latest drilling results include multiple high-grade intercepts, as well as an extremely high grade section of up to 4.2% Li20.The extension of the mineralised zone supports our broader development plans at Mavis Lake.

The opportunity to develop a lithium project with class-leading logistics and existing, immediately accessible infrastructure that provides a direct path to market, will enable Critical Resources to deliver into the Canadian and American electric vehicle supply chain during a period of unprecedented investment and growth.”

Future Works

The Company continues drilling at Mavis Lake, with the drilling program moving between main zone extension and testing mapped pegmatites adjacent to the main zone.

The Company is focusing efforts on drilling targets that will add to the potential mineral resource at Mavis Lake. Study work is ongoing in support of future development plans.

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.