Battery Age’s first step-out drilling has proven successful with multiple spodumene-bearing pegmatites intersected. Pic: Yaorusheng via Getty Images.
Mining
Battery Age’s first step out drilling at the Falcon Lake project in Ontario is off to a flying start with drilling returning multiple wide mineralised intercepts.
The 42.8km2 Falcon Lake project is in one of Canada’s lithium exploration hotspots, surrounded by other lithium developers and explorers such as Rock Teck, Imagine Lithium, Ultra Lithium, and fellow ASX-listed company Australian Green Metals’ (ASX:GT1) 9.9Mt grading 1.04% Li2O Seymour Lake project.
It is also well supported by key infrastructure such as access to rail and the proposed Little Jackfish hydroelectric station.
Falcon Lake is already known to possess spodumene mineralisation with historical drilling returning hits such as 24.4m at 1.43% Li2O including 10.9m at 1.95% Li2O.
Maiden drilling by Battery Age Minerals’ (ASX:BM8) has built on this, returning standout intercepts such as 31.75m at 1.45% Li2O from 14.46m and 27.6m at 1.37% Li2O.
The company’s first step-out drilling beyond historical occurrences has now delivered more good news with multiple thick spodumene-bearing pegmatites intersected in a new zone immediately west of the original Falcon Lake pegmatite outcrop.
Highlighting the prospectivity of this new area, the discovery hole returned an intercept of 27.45m at 0.83% Li2O from a down-hole depth of 19.55m whilst other holes returned results such as:
The new area was identified by the company’s summer fieldwork campaign as being highly prospective and sits outside of the previously mapped historical occurrences.
That the new intercepts continue to be shallow or from surface in some areas is indicative of the potential to delineate a shallow resource of significant scale at Falcon Lake.
“This is a very promising development, as it is the first time that we have drilled spodumene mineralisation outside of the historical occurrences at Falcon Lake, which is where most of our initial drilling has logically been focused,” managing director Gerard O’Donovan said.
“We knew when we commenced exploration at the property that we had three known mineralised occurrences identified by previous mapping.
“Now we have proven through our summer fieldwork program and follow up drilling that this mineralisation extends to new unexplored areas within an extensive 5km long prospective trend.”
“This gives us confidence in the potential scale of the asset and the drilling yet to come. We have only drilled a very small portion of the property to date, so the scope for growth is immense.”
Battery Age will continue drilling in this area to further define the mineralisation extents and structural geometry of the pegmatite.
Adding further interest, the company has a further 30 mapped pegmatites – identified by the same summer program that outlined the current area – that it intends to systematically explore as it continues its 15,000m winter drilling campaign.
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.
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