Critical Resources Limited (ASX: CRR) has reported new thick, high-grade results from ongoing drilling around drill-hole MF23-207, with assays continuing to validate and expand the recently discovered “Swell Zone” at the Mavis Lake Lithium Project in Ontario, Canada.
“Continued wide, high-grade results make it clear that Mavis Lake is a project with significant potential,” commented critical resources managing director, Alex Cheeseman.
“Its location, within 10km of the City of Dryden, immediate access to world-class infrastructure and the surrounding automotive industries in southern Ontario and Michigan State, make this a project of strategic importance.”
The exceptional new results followed up recently reported results of 74.4m @1.18% Li2O including 32.95m @1.81% Li2O. Drill holes testing the Swell Zone both east and west of MF23-207 have continued to intersect large, high-grade intervals of mineralization, providing a greater level of confidence that the mineralization extends over a 200m strike.
- MF23-213: 50.2m @1.28% Li2O from 203.6m down-hole, including multiple meter-wide segments of extremely high-grade spodumene mineralization, from 2.11% Li2O to 4.18% Li2O
- MF23-214: 65.45m @0.84% Li2O from 186.25m down-hole, including 55m @0.95% Li2O from 194m down-hole, including 25.85m @1.30% Li2O from 214m down-hole.
Permit approval for further drill pads to continue testing the Swell Zone are expected imminently, allowing follow-up drilling to commence in the coming weeks. All drilling results are rapidly adding tonnage to the existing resource, putting the company on track for a major resource upgrade in H1 2024.
For further information, please visit: www.criticalresources.com.au
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