Cygnus Gold (ASX:CY5) has confirmed it is about to embark on an extensive exploration programme, including a major drilling campaign, at the Pontax lithium project in Canada.
Spodumene has already been outlined over a 620m strike length and remains open in all directions. However, the project has not been explored since 2019 and there is huge scope to identify extensions to the known mineralisation as well as regional targets.
Pontax has spodumene-hosted within LCT pegmatites with limited diamond drilling returning numerous highgrade lithium intersections from outcropping mineralisation.
This early-stage systematic exploration will underpin a 10,000m drilling campaign in the December quarter.
Cygnus plans to complete resource definition and step out drilling over the next six months. Details of Planned Exploration Fundamental exploration tools have been commissioned to be flown at the Pontax Lithium Project.
This includes high resolution magnetics to complete a detailed structural interpretation of the entire prospective package and LiDAR to create a digital elevation model (DEM). Both will further progress exploration being utilised for regional targeting and outcrop identification.
Cygnus is awaiting results of high resolution airborne magnetics that has recently been acquired covering the entire Pontax Project (36 sq. km).
This is the first time any detailed geophysics has been conducted at Pontax. The survey lines were flown perpendicular to the trend of the geology at a spacing of 25m and height of 15m.
High resolution magnetics will support a detailed interpretation of the geology of the Pontax Project, which to date is produced utilising low resolution regional government datasets. This is the first time any higher resolution magnetics has been conducted at the Pontax Project, an area with only minor outcrop.
The magnetics will help identify structural controls associated with the Pontax Central pegmatite, which outcrops over 620m before dipping below shallow cover. It will also be utilised in identifying further structural settings favourable for pegmatite emplacement which may be concealed beneath the shallow cover.
Detailed LiDAR and imagery will also be flown across the entire Pontax Project. This will again be brand new data for the exploration team with no previous LiDAR or detailed imagery available. The LiDAR will have a precision of greater than five points per square metre and will be used to create a 3D DEM for the project area.
A detailed DEM is a valuable exploration tool for identifying potential outcrop, particularly in northern Quebec where the general topography is particularly flat and subtle elevation highs may indicate outcrop concealed beneath shallow cover and or vegetation.
The LiDAR in conjunction with the arial imagery will be utilised to map out outcrop and the subtle expression of pegmatites beneath vegetation. Interpretation of both these layers will streamline and vector the mapping and rock-chipping campaign scheduled for later in the summer field season to identify additional walk-up drill targets on a more regional scale.
“We have only had the project for a few weeks and we are already set to embark on an extensive exploration programme, including a major drilling programme in the coming quarter,” Executive Director, Michael Naylor, said.
“We have moved fast to start work because we know there is huge potential to generate results and strong newsflow, creating value for shareholders and stakeholders as quickly as possible.
“This early-stage geophysics and imagery, followed by field mapping, will enable us to identify potential additional lithium outcrops in addition to the 620m-long pegmatite already established at Pontax.
“The entire 10km prospective strike length has never been systematically explored and there is immense potential to uncover further pegmatites within the project area. “This will all culminate in a 10,000m drilling programme across the main outcrop and regional targets commencing in the coming quarter.”
For further information please visit: https://www.cygnusgold.com/
