Battery Age Minerals is over the moon with its new and improved Falcon Lake lithium project
Assay results showing up to 2.73% Li from rock chip sampling at the Falcon Main deposit have confirmed mineralisation across a 5km corridor at the recently consolidated Falcon lithium project in Ontario, Canada.
The project is amongst a host of other lithium explorers in the region, such as Rock Teck, Imagine Lithium, Ultra Lithium and Green Technology Metals’ (ASX:GT1) 9.9Mt @ 1.04% Li2O flagship Seymour Lake project.
Historical drilling at Falcon Lake returning thick, high grade hits such as 24.4m @ 1.43% Li2O including 10.9m @ 1.95% Li2O. Maiden drilling by Battery Age has built on this, returning standout intercepts such as 31.75m at 1.45% Li2O from 14.46m and 27.6m at 1.37% Li2O.
The new and improved Falcon Lake project is taking shape, with rock chip sample assays from the Falcon Main project area not only confirming a 5km mineralised corridor but also grades of up to 2.73% Li2O from areas previously unmapped.
Battery Age says the results will now be used in conjunction with other techniques deployed as part of the summer fieldwork campaign to define new step-out targets and test other greenfield locations which are yet to be drill-tested.
Previous step-out drilling during the summer exploration season had confirmed multiple, thick spodumene-bearing pegmatites across the project area and the latest batch of assays has doubled down on the discoveries as being indicative of a significant resource at Falcon.
BM8 MD Gerard O’Donovan says the assay results confirm the presence of mineralisation across the 5km extent of the Falcon Main property.
“Considering the limited amount of outcrop encountered across the tenure, it is extremely encouraging to see grades of up to 2.73% Li 2O returned from areas which were previously unmapped and have yet to be drill tested,” O’Donovan says.
“We also have received some encouraging tantalum and rubidium grades, which we will also use to inform our exploration activities moving forward.
“Using this information, the team is now refining the targets we plan to drill test over the coming months.
“We are very excited about the potential to unlock significant new discoveries during this next phase of winter drilling, given the significantly expanded scope and potential of the Falcon Lake project as outlined in recent releases.”
This next phase of expansionary drilling will be undertaken in the upcoming months.
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.