• Fin increases Cancet West project area by 57% to 79km2 after finding large spodumene crystals
  • New claims more than double strike extent of highly prospective LCT pegmatite trend
  • High level mapping indicates new areas highly prospective for LCT pegmatites
  • Follow-up field work to begin before the end of October to delineate more drill targets


Fin has wasted no time in staking an additional 56 claims in the James Bay region to increase the Cancet West project area by 57% after maiden field work discovered outcropping spodumene crtystals.

The company’s field work had identified at least five pegmatite bodies outcropping across the western and eastern blocks of the project, which is about 45km west of Winsome Resources’ (ASX:WR1) Cancet lithium deposit and 100km west of Patriot Battery Metal’s (ASX:PMT) world-class 109.2Mt at 1.42% Li2O Corvette deposit.

Importantly, Fin Resources (ASX:FIN) discovered  up to 30cm long green spodumene crystals, trace lepidolite, coarse muscovite, tourmaline, blue-green beryl, coarse red garnets and megacrystic feldspars within one of the pegmatite outcrops, which was mapped over a width of more than 10m and a 200m strike length.

This is noteworthy as the presence of tourmaline and beryl crystals is indicative of highly evolved lithium-caesium-tantalum type pegmatites.

Samples collected from the field work have since been sent to the laboratory for assaying as visual observations of mineral abundance are not a reliable method of assessing mineral concentrations or providing information on impurities or deleterious physical properties.

“FIN are very excited about increasing our claims and strike of the prospective geology in such a hot area for Lithium. We can’t wait to get the Mercator team back on the ground and further field work underway,” Fin Resources technical advisor Tom Ridges says.

Fin Resources (ASX:FIN)
Additional claims at Cancet West and location of confirmed spodumene. Pic: Supplied (FIN).


Bigger footprint

Fin has now staked additional claims that more than doubled the strike extent of the highly prospective LCT pegmatite trend at Cancet West from 7.6km to 15.8km.

These new claims appear to be highly prospective for LCT pegmatites as highlighted by a high-level assessment of mapping by Ministry of Natural Resources and Forestry Quebec.

Logistics for a follow-up field work program that will commence before the end of October are now being aggressively progressed by the company to delineate further drill ready targets.

This program will include further field mapping and channel sampling followed by drilling.

Fin is also planning carry out a high-resolution aeromagnetic/radiometric survey, LIDAR survey and gravity surveys.




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.