Falcon Lake has the potential to host significant lithium mineralisation. Pic via Getty Images.
Battery Age swoops on thick, spodumene-bearing pegmatites at Falcon Lake
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Maiden drilling at Battery Age’s Falcon Lake lithium project in Ontario, Canada, has intersected “very encouraging” spodumene-bearing pegmatites that highlights potential for significant mineralisation.
Notably, 10 out of the 13 diamond holes drilled intersected spodumene with standout intercepts noted at Hole 23FL-001 (27m of mineralised pegmatite from a down-hole depth of 16.7m), 23FL-005 (26m from 45m) and 23FL-004 (21.9m from 5m).
While visual observations are in no way a replacement for laboratory assays, the assessment that spodumene of between 5% and 25% is present within the recovered cores is nonetheless encouraging to say the least.
Battery Age Minerals (ASX:BM8) has transported the cores to AGAT Laboratories in Thunder Bay and assay results are being expedited for priority holes with results expected in 3-4 weeks.
“We are extremely pleased with the initial results from our early holes at Falcon Lake. Our maiden drill program is off to a fantastic start with very encouraging visual observations from the first group of drill-holes,” chief executive officer Gerard O’Donovan said.
“Our experienced field team has logged a number of significant intervals of spodumene-bearing mineralisation from surface in 10 of the first 13 holes, validating our belief that Falcon Lake has the potential to host thick pegmatites and, subject to receipt of assays, significant lithium mineralisation.
“The drilling to date has also enabled our exploration team to improve their understanding of the structural orientation of the pegmatites which, in turn, will allow for more specific and targeted drill designs moving forward”.
Well located lithium play
Falcon Lake covers 42.8km2 and is located within a Tier 1 jurisdiction with ready access to established all weather infrastructure both road and trans Canadian rail connecting to Thunder Bay, major Canadian cities and Electric Avenue of Windsor/Detroit.
There is also potential for ready access to green energy if the proposed 78MW Little Jackfish Hydro Electric Station, which is less than 10km away from the project, is approved and developed.
Nor is Battery Age the only lithium explorer in the region with fellow Australian Green Technology Metals (ASX:GT1), having defined a resource of 9.9Mt at 1.04% Li2O at its nearby Seymour Lake project.
The company notes that its initial drilling has only targeted a small section of the property, and that the early success has provided impetus to continue drilling in this area in the near term before moving to the other 18 spodumene-bearing pegmatite outcrops already identified across the property.
Other work planned at Falcon Lake includes field mapping, geochemistry, geophysics and prospecting works.
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.
