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Critical Resources Commences Drilling at Mavis Lake Lithium Project

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THE DRILL SERGEANT: Critical Resources (ASX: CRR) has commenced a targeted drilling campaign at the company’s 100 per cent-owned Mavis Lake lithium project in Ontario, Canada.

Critical Resources explained the drilling will be focused on two key areas, the first being to conduct drill testing of the project’s high-priority Northern Prospects, specifically the Tot pegmatite, whilst the company continues resource expansion drilling at the Main Zone of Mavis Lake.

Critical Resources previously identified the Northern Prospects (Gullwing and Tot) as high-priority targets after they displayed favourable geological characteristics and potential to add substantial tonnage to the overall resource base.

Drill testing will focus on identifying and delineating additional lithium-bearing pegmatites the company believes could enhance the project’s scale and economic viability.

Critical Resources’ is drilling to build upon its existing Mineral Resource Estimate (MRE) of 8 million tonnes at an average grade of 1.07 per cent lithium oxide (Li2O).

“This drill campaign at Mavis Lake is a crucial step in unlocking the geological potential of the area,” Critical Resources exploration manager Troy Gallik said in the company’s ASX announcement.

“Our exploration strategy is meticulously designed to enhance our understanding of the spodumene-bearing pegmatites, particularly within the Northern Prospects, including Gullwing and Tot, which have shown significant promise in preliminary exploratory works.

“The targeted drilling at these zones, along with continued work at the Main Zone, is expected to provide critical data that will refine our resource models and support the potential for a substantial expansion of the current resource base.

“The insights gained from this program will be instrumental in advancing the geological understanding of the Mavis Lake Project as we work towards our exploration target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Critical Resources Claims New LCT Pegmatite System Discoveries at Mavis Lake East

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THE DRILL SERGEANT: Critical Resources (ASX: CRR) has claimed discovery of multiple additional spodumene-bearing pegmatites at the company’s 100 per cent-owned Mavis Lake lithium project in Ontario, Canada.

Critical Resources has made the discoveries just weeks into its 2024 Summer Field Exploration Campaign.

The company declared the new finds highlight the potential of the Mavis Lake project to yield further lithium discoveries while validating the recently announced JORC compliant Exploration Target.

Critical Resources kicked off field work comprising prospecting, mapping and sampling in early May, designed to identify new spodumene-bearing pegmatites, determine fractionation trends at the project’s northern prospects and conduct drill pad reconnaissance throughout the Mavis Lake lithium project.

A total of 83 samples were collected from pegmatite outcrops across the broader project area resulting in a total of 31 new pegmatite discoveries.

These include an approx. 250 metres extension of a known spodumene-bearing pegmatite (Pegmatite 20) and 100m extension of the Main Zone spodumene-bearing pegmatite cluster (Pegmatites 7 and 24).

Samples have been prepared and will be dispatched to an independent analytical laboratory in the coming weeks, with full results expected in July/August 2024.

“It’s great to see field teams directly following up our Exploration Target and making further significant discoveries at Mavis Lake at the start of the new field season,” Critical Resources managing director Alex Cheeseman said in the company’s ASX announcement.

“The field program has already increased our confidence in our ability to deliver on the recently published Exploration Target, paving the way for drill testing a number of high-quality targets.

“We look forward to continuing our dual-track strategy of targeting resource growth while progressing our project development and permitting workstreams for Mavis Lake.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE