FIN is eyeing more surveys and target generation at the White Bear prospect. Pic via Getty Images.
Fin Resources’ Cancet West pops up with 3.27% lithium hits at the White Bear prospect
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- Eight diamond holes completed at White Bear prospect
- Assays returned grades of up to 3.27% Li2O
- Lithium mineralisation identified across widths of up to 12m
Special Report: The final batch of assays from Fin Resources’ maiden drilling program at the White Bear prospect at the Cancet West project in Canada has returned grades of up to 3.27% Li2O.
Eight diamond drill-holes were completed for a total of 1,009m and Fin Resources (ASX:FIN) has confirmed spodumene crystals within an albite-quartz pegmatite zone over a strike of 275m.
The confirmation was based on diamond drilling and field mapping, intersecting the White Bear pegmatite over widths of up to 12m and numerous other sub-parallel pegmatites from the program that started in May.
Observations are the pegmatites appear to be relatively flat-lying, shallow dipping to the north-west, and open along strike and at depth.
FIN says it’s positive for the prospect, since it would imply a low strip ratio – should an economic deposit be defined in the future.
“We are extremely happy with our maiden program at White Bear, hitting our targeted spodumene zone in a number of holes, and returning very high Li2O grades up to 3.27%,” FIN managing director Jason Bontempo says.
“Phase 1 is considered a success and planning is underway to delineate additional targets for future exploration programs.”
What’s next?
FIN says there appears to be multiple phases of pegmatite veins, of which at least one phase is lithium-bearing.
Further evaluation will be undertaken to determine the nature of the different phases as part of future exploration plans to target additional mineralisation.
The explorer is considering a geophysical survey using LIDAR to better define the topographic surface, beneath the tree canopies and assist in producing a surface digital elevation model.
The DEM will also aid in locating additional pegmatite outcrops that are potentially covered by thick undergrowth elsewhere across the project.
Surface recon mapping and sampling will also be carried out following the LIDAR survey to identify targets for the next phase of drilling.
This article was developed in collaboration with Fin Resources, 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.
