Critical Resources (ASX:CRR) go longer at Mavis Lake
December 13, 2022Critical Resources (ASX:CRR) has confirmed high-grade lithium of up to 4.12 per cent s part of a 550-metre increase in strike at its Mavis Lake Lithium Project in Canada.
Assays from 30 drill holes returned the stellarly high grade amongst multiple intercepts over 1.2% Li2O, which increased the confirmed strike length to 1300m.
1,300m strike length of lithium mineralisation confirmed via 18,500m of drilling
The Company said in less than two months exploration has significantly increased the development potential of the Mavis Lake project.
“There has been actively drilling and developing the project for almost a year, and we are very pleased with another round of excellent results,” Managing Director Alex Cheeseman said.
”The extension of the mineralised zone supports our broader development plans at Mavis Lake.
“The opportunity to develop a lithium project with class-leading logistics and existing, immediately accessible infrastructure that provides a direct path to market will enable Critical Resources to deliver into the Canadian and American electric vehicle supply chain during unprecedented investment and growth.”
Highlight Results
- MF22-129 with 7.1m @ 1.23% Li2O from 13.35m downhole
MF22-149 with 7.6m @ 1.30% Li2O from 135m downhole
MF22-150 with 7.7m @ 1.23% Li2O from 183.82m downhole
Next Steps
Results from the 18,500m campaign will be included as part of the Company’s upcoming Maiden Mineral Resource Estimate
Drilling will continue throughout the Canadian winter.
Fundamental Data
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