Fin Resources Limited (ASX: FIN) has announced the identification of extensive regional targets and provide an update on its drilling activities.
The company has discovered an unexplored strike length of approximately 10-15km of the Archean-aged Lac Guyer greenstone belt and prospective interpreted pegmatite trends have been identified. The compilation of historical exploration data across the new claims at Cancet West has revealed several outcrops of pegmatitic material, mapped by the Ministry of Natural Resources and Forestry Quebec. This includes very coarse-grained pegmatites and an occurrence of beryl.
Additionally, the newly identified regional targets will be the focus of the upcoming Spring fieldwork programme, following the White Bear drill programme. Approvals for the forthcoming drill programme at the White Bear Lithium Discovery have been submitted and are expected to be granted in the coming weeks. Tenders for drill and camp contractors are currently under review.
Fin Resources is well-positioned to kick off 2024, with full funding secured for the initial phase (1,500m) of the upcoming drill programme at White Bear, slated to commence in Q1 2024.
Jason Bontempo, director of Fin Resources, commented, “FIN is aggressively advancing towards its maiden drill programme at White Bear, aiming to uncover a new major lithium deposit discovery in the Lac Guyer Greenstone belt. This marks a significant milestone for FIN, as the fully funded initial phase of approximately 1,500m represents the first-ever drilling to be completed across the Cancet West Project.”
He added, “We have also defined significant regional pegmatite trends across the recently expanded claims at Cancet West. We plan to conduct first-time exploration work over these trends during the forthcoming Canadian Spring, with the aim of uncovering more drill targets for potential lithium discoveries.”
To read more about this, please visit www.finresources.com.au
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