Leeuwin Metals has commenced sampling of 7 historic drill holes with observed spodumene-bearing pegmatites, never assayed for lithium at its Jenpeg lithium project in Manitoba, Canada.
Jenpeg is a large-scale opportunity with mapped pegmatite swarms over +6km of strike that remains inadequately tested for its lithium potential.
Historical drilling successfully intersected multiple, sub-parallel spodumene bearing Lithium-Caesium-Tantalum (LCT) pegmatites up to 20m thick over >400m strike length, with the company recently reporting results from two historic holes delivered high-grade lithium intercepts up to 1.40% Li2O.
Multiple spodumene bearing pegmatite intercepts that are currently being sampled include:
- 35.9m of total pegmatite down hole (XL-17);
- 31.5m of total pegmatite down hole (XL-21); and
- 19m of total pegmatite down hole (XL-6).
Assay results are expected in 4-8 weeks.
Unlocking the value potential at Jenpeg
“Jenpeg is an emerging lithium discovery in Manitoba, with work to date indicating that the region has the potential to host a large-scale, lithium rich pegmatite system,” Leeuwin Metals (ASX:LM1) managing director Christopher Piggott said.
“After successful negotiations, we have achieved a positive outcome for the company and further strengthened our relationship with the Manitoba Government and the Manitoba Geological Survey.
“The sampling of this historical core is a significant step towards unlocking the value potential at Jenpeg.”
Notably, Tanco Mine – operated by mining giant Sinomine Resource Group – is currently active in Manitoba, with plans in progress for the development of a downstream Lithium Hydroxide plant in Manitoba, in collaboration with LG Energy Solutions.
“Manitoba has a long history and expertise within the lithium sector, and we look forward to demonstrating the potential significance of this pegmatite system at our project,” Piggott said.
Summer field program planned for Q3 CY23
With detailed logging and sampling of all available historical cores, the company can now focus on advancing an effective field exploration program aimed at generating high impact results that will assist further targeting.
Summer field work is expected to kick off in Q3 CY23 and will initially focus on the +6km trend of known spodumene bearing pegmatites at Spodumene Island.
Exploration activities (rock chip and channel sampling, detailed geological mapping and remote sensing) will provide additional targets, informing ongoing exploration within the key areas while assisting regional exploration programs within LM1’s >1,700km2 of tenure.
This article was developed in collaboration with Leeuwin Metals Limited, 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.