Cosmos Exploration Limited (ASX: C1X) has provided an update on exploration activities at its prospective Corvette Far East Lithium Project and Lasalle Project, located in the prolific James Bay district in Quebec, Canada.
Multiple work programmes are progressing on Cosmos’ highly prospective exploration projects located between recent spodumene discoveries made by Loyal Lithium Limited, Brunswick Exploration Inc, the Midland Exploration-Rio Tinto JV, and Patriot Battery Metals Inc.
Cosmos executive chairman, Jeremy Robinson, said, “Given that only a few weeks have been spent on the ground for lithium exploration at Corvette Far East and Lasalle due to delays caused by the summer bushfires, it is still very early days in terms of our exploration at these projects. Given these projects sit in the heart of the most prospective part of the emerging James Bay lithium province, we believe the potential for a significant discovery remains very high – and, as committed explorers, we are continuing to push ahead.”
The company has identified a large area of highly fractionated, partially exposed pegmatite outcrops and boulders at the Polaris prospect. It is also encouraging that in many areas of exposure, the thicknesses of pegmatites reach up to 40m wide and 100m long.
Importantly, the chemistry of pegmatites at the Polaris prospect displays pathfinder metals and ratios indicative of a ‘spodumene field’, indicating that the spodumene zone is likely to be extremely close, either located at depth and not expressed at surface, and/or along strike to the south where a magnetic low feature has been identified undercover.
In order to refine drill targets at Polaris, Axiom Geophysics has been engaged to conduct 280-line km of in-fill airborne magnetics and radio metrics over the priority western portion of the CFE licences.
Additionally, GeoFocus mapping will conduct detailed LiDAR to produce a digital elevation model (DEM) which, together with the magnetics and radio metrics, will provide datasets for interpreting important structures that are often the channels and traps for large lithium pegmatite deposits.
To find out more, please visit www.cosmosx.com.au
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