Leeuwin Metals grows Canadian lithium footprint by 130%
Leeuwin Metals has staked an additional six Mineral Exploration Licences (MELs) to bring its total regional footprint to +1,700km2 at the Jenpeg lithium project in Manitoba, Canada.
That’s an increase of around 130%.
The Jenpeg project is in an area with mapped pegmatite swarms over +6km of strike that remains inadequately tested for lithium.
Review by Leeuwin Metals (ASX:LM1) personnel of the area presented further prospectivity and regional upside, and the company says the opportunity to consolidate the greenstone belt will allow it to advance the project across all aspects of the project pipeline from greenfields to drill intercepts.
“The Jenpeg project is an emerging lithium discovery within Manitoba,” Leeuwin MD Christopher Piggott said.
“Historical drilling and generative geological work has identified an underexplored, regional scale pegmatite field which is highly prospective for hard rock lithium.
The project was drilled in the early 1980’s and although significant widths of spodumene, were logged they were never assayed for lithium.
To date Leeuwin has sampled two holes and is currently in discussion with the Manitoba Government to sample further historic drill cores stored in the Winnipeg Core Library.
Notable results include 1.17m at 2.31% Li2O from 20.5m; and 20.59m at 1.23% Li2O from 29.87m, including 15m at 1.34% Li2O from 35m.
Desktop reviews and remote sensing are underway to map and classify further pegmatites outside of the defined 6km of prospective strike mapped out by drilling, rock chipping and channel sampling at the Spodumene Island prospect area.
As the summer field season approaches, the company plans to commence boots on ground exploration activities, focusing on additional rock chip and channel sampling, detailed geological mapping and utilising remote sensing tools.
This work will provide a targeting hierarchy for planned regional exploration programs and help define mineral zonation and targeting vectors within the regional scale pegmatite field identified at Jenpeg.
“Leeuwin’s first mover advantage in the Jenpeg area has allowed us to consolidate almost the entire Cross Lake greenstone belt and as a result planned regional work will be able to fully develop the prospectivity of this large-scale exploration opportunity,” Piggott said.
“We look forward to updating the market on Jenpeg activities over the coming months as well as our William Lake Project where we are currently drill testing nickel targets.”
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.