Critical Resources Limited (ASX:CRR) has received further “excellent” drilling results at the company’s wholly-owned Mavis Lake Lithium Project in Ontario, Canada.
Step out Drilling Success
The company’s strategy to test new outcrops, adjacent to the Main Zone, as well as concurrently testing extensions of the Main Zone (laterally and at depth) builds upon recent success. Intercepts in the South Zone surround outcrops which have not previously been drill tested.
Mapped pegmatites 8, 10, 11, 12, and 20 have now all been drill tested and found to contain spodumene mineralization. The company’s drilling programme will continue to test and assess these and other mapped pegmatites, in order to develop a greater understanding of the sub-surface structures and associated mineralization. These early-stage drilling targets are already showing great potential.
The testing of the down-dip extension of the Main Zone continues to intercept thick spodumene- bearing pegmatites. The Main Zone remains open at depth.
All results will be incorporated into the Maiden Mineral Resource Estimate currently being prepared. Delivery of assay data, currently backlogged at the laboratory, will dictate the timeline to complete the mineral resource estimate.
Future Work
In addition to an ongoing drilling programme at Mavis Lake, technical and environmental studies are underway to support a pending Scoping Study for the Mavis Lake Project.
The company is awaiting assays from samples collected from more than 47 individual drill holes and will update the market as details are made available.
“Our exploration strategy at Mavis Lake continues to deliver excellent results, which will directly feed into the maiden mineral resource estimate. Our drilling campaign and concurrent studies are laying a solid foundation for the next development phase of this highly prospective project,” Managing Director, Alex Cheeseman, said.
“With each set of assay results, our understanding of the asset grows and so too does our confidence in the project, we are pushing hard to receive all outstanding assays so we can complete our maiden mineral resource estimate as quickly as possible.”
For further information please visit: https://www.criticalresources.com.au/
