Fin Resources finds clay hosted lithium targets at Canadian project
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Fin Resources has identified several clay hosted lithium targets at its Gaspe project in southeast Quebec, Canada.
An in-depth review of historical results from a government sampling program identified that several stream sediment samples returned elevated lithium (Max 342ppm Li2O), tantalum (max 44ppm), cerium (max 149ppm) and tungsten (max 118ppm).
Plus, high-resolution satellite imagery analysis completed over the Gaspe project by consultant Dr Neil Pendock has identified a significant number of exploration targets interpeted as potential sedimentary lithium exploration targets which require priority field confirmation and follow up work.
The deposit style and exploration model proposed by Fin Resources at Gaspe is similar to that of Surge Battery Metals (TSX-V: NILI) in Nevada.
These recently defined and highly prospective Li-in-clay targets highlighted within the Gaspe Project will now be ground truthed as soon as possible and compilation and interrogation of the historical exploration data will continue.
Boots on the ground the next step
The company believes that the Gaspe Project has the potential to host a Li-in-clay deposit with the project located within an east-west sedimentary (mudstone) belt, that contains several regional scale faults within or near the project and is associated with high Li-in-sediment samples.
“This early-stage work completed at the Gaspe Lithium Project is very exciting for FIN and highlights the significant value for shareholders within our recently acquired Mount Tremblant Lithium Project package,” Fin Resources (ASX:FIN) director Jason Bontempo said.
“We now look forward to getting on the ground in Quebec and progressing the targets across Ross, Cancet West and Gaspe.”
Preparations for the upcoming field season are underway with commencement planned during Q3 2023.
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.