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Critical Resources Identifies Mineralised Spodumene-Bearing Pegmatite Stacked System at Tot

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THE DRILL SERGEANT: Critical Resources (ASX: CRR) is progressing an inaugural exploration drill program at the Tot Pegmatite target, part of the company’s 100 per cent-owned Mavis Lake project in Ontario, Canada.

Critical Resources reported the drilling has thus far led to new discoveries by way of intersecting spodumene-bearing pegmatite stacks within the Northern Tot Prospects, which it has identified as offering opportunities for resource growth.

The company said the early drilling results have revealed a multiple-stack pegmatite system, further strengthening the lithium potential of the Mavis Lake project.

At the Tot target, the discovery of multiple spodumene-bearing pegmatite stacks has enhanced the Northern Prospects, marking a key step toward expanding the project’s Mineral Resource Estimate (MRE) and achieving exploration targets.

“The discovery at Tot Pegmatite enhances the overall strategic value of the Mavis Lake Project Area,” Critical Resources exploration manager Troy Gallik said in the company’s ASX announcement.

“Not only does it suggest the potential for larger-scale lithium mineralisation, but it also provides a clearer path for unlocking the project’s long-term value in significant potential for resource growth.

“The new exploration model, which incorporates these known spodumene bearing pegmatite stacks emplaced in NNW-SSE trending brittle faults, represents a game changing development that could lead to the rapid resource growth of the project toward its exploration targets and a future resource upgrade.”

Critical Resources is conducting its The Mavis Lake drilling program with the aim of unlocking further high-grade lithium mineralisation beyond the current MRE.

Strategic exploration within previously untested sections of the Main Zone will focus on extending known mineralisation while also identifying new zones for potential resource expansion.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Critical Resources Confirms Hillgrove South Antimony Prospects via Desktop Studies

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THE DRILL SERGEANT: Critical Resources (ASX: CRR) has upped the antimony ante within the company’s Halls Peak project area in New South Wales.

Critical Resources recently conducted desktop studies over its Halls Peak project area, which it claims to have confirmed the existence of strategic antimony prospects.

The impetus behind the company’s antimony curiosity was driven by the global shift in antimony supply dynamics.

The study initially focused on the Hall Peak tenements staked by Critical Resources in 2021 that are just down the road from Larvotto Resources’ ASX :LRV) Hillgrove deposit, which currently hosts a total resource of 7.264 million tonnes at 1.3 per cent antimony for 93,000 tonnes of contained antimony.

The prospect to emerge as a front runner is the Mayview Homestead Stibnite prospect grading 1.55 per cent antimony and situated to the east of Larvotto’s Hillgrove antimony-gold project.

Critical Resources considers the Mayview antimony prospect to potentially be a continuation of the Hillgrove system, occupying a southeast trending fault or shear zone, similar to many lodes at the nearby Hillgrove project.

“We are thrilled to confirm antimony showings within the Halls Peak project area,” Critical Resources non-executive director Nigel Broomham said in the company’s ASX announcement.

“Our recent desktop studies have unveiled significant opportunities close to the Hillgrove antimony-gold mine, highlighting several historic prospects that have yet to be explored with modern techniques.

“The Mayview Homestead prospect, situated just 2.7 kilometres east of Larvotto Resources’ Hillgrove deposit, stands out as particularly promising.

“Data recorded from the Geological Survey of NSW which includes grades of 1.55 per cent antimony indicates that it could potentially extend the well-established Hillgrove antimony-gold system, given its alignment with similar fault structures.

“Additionally, our desktop analysis has identified the Riverview and Kempsey Road prospects, documented by the Geological Survey of New South Wales in the early 1980s have recorded antimony mineralisation.

“Given the current global dynamics in the antimony market, notably the recent export controls imposed by China, which have spiked prices and intensified market volatility, our findings position Critical Resources favourably.

“Antimony’s strategic importance in various high-tech and military applications further enhances the potential value of these prospects.

“Looking ahead, we are engaging leading geologists to refine our understanding of these prospects and plan comprehensive fieldwork, including mapping and sampling, to validate our initial findings.

“This strategic approach will ensure that we are well-positioned to capitalize on the growing demand for this critical mineral and advance our exploration efforts effectively.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE