Midas Minerals Ltd (ASX: MM1) has provided an update of its exploration at the Greenbush and Barbara Lake lithium projects in Ontario, Canada.
The 102km2 Greenbush Project is located ~12km east of Highway 599, about 95km north of Savant Lake and 70km south of Pickle Lake in the of Thunder Bay district, Ontario.
Midas’ recent exploration at Greenbush has focused on obtaining an understanding of the geology of the documented large spodumene bearing pegmatite outcrop and locating and sampling additional pegmatite outcrops.
The company has submitted a total of 11 pegmatite samples for analysis; assays have been received for six prior samples collected during the initial due diligence field visit. Outcrop appears limited on the northern tenement group, so Midas believe detailed geophysics will prove a useful tool in interpreting structural controls.
Midas will commence drill permitting for the known spodumene bearing pegmatite area. Further mapping and sampling work is proposed to initially assess the large swarm of pegmatites located on the southern tenement group.
The Greenbush project is located 80km east of Green Technology Metals’ (ASX: GT1) Root Lithium Project, with both projects straddling the boundary between the English River and Uchi sub-provinces.
Managing director Mark Calderwood commented: “From the limited amount of outcrop, we have a better understanding of the most prospective corridors for pegmatites at Greenbush following our recent sampling. Results from remaining samples will build on this exploration model. Further mapping is planned south of the Greenbush Lake-Pashkokogogan fault in a similar geological setting to GT1’s Root Lithium Project and we’re also commencing drill permitting.
“The Barbara Lake project is located in a known spodumene province, and given the presence of detrital spodumene, it is considered highly encouraging for extensions to the Jackpot pegmatite swarm being explored by Imagine Lithium.”
To find out more, please visit www.midasminerals.com
