Critical Resources (ASX:CRR) deliver best result at Mavis Lake
November 10, 2022Critical Resources has struck a whopping 31.75 meters of spodumene-bearing pegmatite, further extending strike and adding to its mineral resource calculation due for release in Q1 2023 for the Company’s 100% owned Mavis Lake Lithium Project in Canada.
The latest intersection tops a successful campaign completing over 16,500 meters of diamond core drilling for 42 drill holes, adding to a flow of outstanding results in recent months.
“The lithium Sector in Canada is starting to gain momentum, and we are perfectly positioned to advance Mavis Lake and be part of a North American lithium industry demanding unprecedented growth over the rest of this decade,” Managing Director Alex Cheeseman said.
“With over 40 drill hole assays pending and drilling ongoing, we will continue to update the market as information comes to hand.”
Exploration Results
Plan Map of the Main Zone. Yellow dots are pending assays of holes with visual estimated spodumene mineralisation.
Highlight Visual Intercepts at the Main Zone
Price Action
The Company’s ASX-listed shares are 5.8c in early morning trade.
Next Steps
The Company will explore untested ground away from the Main Zone to test several spodumene-bearing pegmatite outcrops before the heavy winter sets in.
Successful drilling and developing these adjacent pegmatite systems will further add to the Maiden JORC resource at Mavis Lake.
Mineral Resource Estimate
On a site visit between 7-8 November, independent Resource Modelling consultants SGS Canada completed their necessary site visit to Mavis Lake, where they reviewed core storage, core and drill logs, inspected the drillers as they were drilling hole MF22-163 and performed customary checks and data correlation in support of the mineral resource estimation process currently underway.
About Critical Resources
Critical Resources is an emerging critical minerals company with flagship Lithium Project in Ontario, Canada and high-quality base metals projects in Australia and Oman.
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