Battery Age doubles size of Falcon Lake lithium corridor
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• Battery Age fieldwork doubles mineralised corridor at Falcon Lake
• Nine new pegmatite outcrops with visible spodumene identified
• Fieldwork still has more ground to cover
Battery Age has no shortage of prospective ground to drill after summer fieldwork doubled the mineralised corridor at its Falcon Lake lithium project in Ontario, Canada, to 5km.
Nine new pegmatite outcrops – including five containing visible spodumene ranging from 5% to 20% content – were identified over the previously unexplored 2.5km eastern section of the project.
There may be more where that came from, given the fieldwork program only started 11 days ago and has covered about half of this section.
This is promising news for Battery Age Minerals (ASX:BM8) given its intention to focus its exploration efforts during this summer window heavily on the eastern half of the property.
Maiden drilling – carried out on the western half – has already validated the company’s belief in the project’s prospectivity, returning assays such as 27.6m grading 1.37% Li2O from a down-hole depth of 16.65m including 15m at 1.65% Li2O in hole 23FL-001.
This is pretty much in line with historical drilling that returned outstanding assay results such as 24.4m at 1.48% Li2O.
Battery Age has a 90% stake in Falcon Lake, which covers 42.8km2 of ground and is close to several other lithium explorers and developers such as fellow Australian Green Technology Metals (ASX:GT1), which has already defined a resource of 9.9Mt grading 1.04% Li2O at its Seymour Lake project.
It sits on a highly prospective greenstone belt and is close to the Trans-Canadian rail line that connects all major Canadian cities as well as the electric highway where major EV manufacturing plants are being constructed.
The company’s early success to date comes as exploration activity in Canada heats up.
Whilst a large part of this is centred around the James Bay region in Quebec, Ontario has also garnered quite a fair bit of attention.
Falcon Lake is just 10km from the Seymour Lake lithium project. Not too far away, fellow ASX-lister Critical Resources (ASX:CRR) is also exploring in Ontario, proving up an 8Mt resource at 1% lithium oxide over at the the Mavis Lake Lithium Project.
Patriot Lithium (ASX:PAT) has also identified lithium in several pegmatites within its Gorman project in Ontario.
BM8 managing director Gerard O’Donovan said the discoveries coming so early in the summer fieldwork program was exciting.
“Summer is the time when we are able to conduct extensive fieldwork to expand the scale of the project by unearthing highly prospective new pegmatite targets for follow-up drilling,” he added.
“This significant discovery on the eastern flank of the project has confirmed that the prospective mineralised corridor extends for at least another 2.5km, giving us confidence in the scale of the system we may have at Falcon Lake.
“We will continue to explore and define additional high-priority targets to strengthen our drilling pipeline into the future.”
Data collected from these additional summer fieldwork activities will play a pivotal role in identifying other potential exploration targets and will assist in prioritising them for upcoming drilling campaigns.
The company’s summer fieldwork program has already uncovered multiple prospective new drill targets at the project while a short field mapping program had already mapped out 12 additional spodumene-bearing pegmatites on the western half of the property.
Besides ongoing fieldwork on the eastern section, Battery Age is continuing mechanised stripping across several other high-priority targets such as the historically mapped Falcon Discovery and Falcon East mineralised occurrences.
These targets will be prepped for drilling in the coming weeks along with other areas in the western half of the property which show significant exploration potential.
This article was developed in collaboration with Battery Age Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.