You can’t ask for more than multiple shallow, thick and high-grade lithium intercepts. Pic via Getty Images.
Falcon Lake’s thick, high-grade lithium intercepts are a sweet treat for Battery Age
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Battery Age has received early validation of its confidence in the prospectivity of the Falcon Lake project in Canada after maiden drilling returned multiple thick, high-grade lithium intercepts.
Significant shallow mineralisation was intersected in the first four holes with assays from holes 23FL-001 (27.6m grading 1.37% Li2O from a down-hole depth of 16.65m including 15m at 1.65% Li2O) and 23FL-004 (21.92m at 1.44% Li2O from 5.7m including 15m at 1.71% Li2O) taking centre stage.
Not only does this build on historical intercepts such as 24.4m at 1.43% Li2O including 10.9m at 1.95% Li2O, it also confirms the presence of significant pegmatite-hosted spodumene mineralisation – neatly providing validation of Battery Age Minerals’ (ASX:BM8) belief that Falcon Lake is one of the best placed projects to supply lithium to North America.
And there are early signs that the rest of the drilling program will continue to deliver such stellar results with visual mineralisation – containing up to 25% spodumene content – observed in 22 of the 26 holes totalling 2,693m completed to date.
Assays are pending for 17 holes and there’s more holes to drill before the planned 5,000m program is completed.
Chief executive officer Gerard O’Donovan said the company was delighted with the early results confirming significant mineralisation across a number of holes and the intersection of mineralisation with visible spodumene in subsequent holes.
“The maiden drilling represents the first step in a phased approach at Falcon Lake and it is fantastic to have generated some outstanding results to begin with,” he added.
“The second phase which will run in parallel to drilling includes our field exploration campaign. This will commence in the near term, and we are confident it will generate more high-priority targets for the drill rig as we move across the property.
“Based on these results, we will consider an expansion of the maiden program beyond initial planned metres to ensure we progress the project at pace.”
Diamond drilling
The company’s maiden drilling program was designed to test the known pegmatites and provide critical structural information to optimise the ongoing exploration program.
Results to date have confirmed the potential for Falcon Lake to host significant mineralisation while mineralised intercepts with up to 25% spodumene have been logged in a further 12 holes from the 10 intercepts the company had previously noted.
Battery Age expects assays for subsequent holes to be available within four to six weeks and is now considering an expansion of the maiden drilling program to further evaluate the property and accelerate works.
It also plans to start summer field work such as prospecting and mapping, geochemical and geophysical surveys, mechanised stripping targeting high priority areas for exposure of pegmatites, and regional property exploration works.
This is expected to further define high priority targets for the continued drill program as the company continues to test Falcon Lake, which is located in northwest Ontario with easy access to the North American ‘electric highway’.
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.
