Drilling and helicopter contractors cemented for drilling at White Bear
Rock chip assays returned up to 6.85% Li2O at the prospect
Fin Resources plans to drill the target later this quarter
Special Report: An initial 1,500m drill program is about to get under way at Fin Resources’ White Bear lithium discovery at Cancet West after high-grade lithium assays returned up to 6.85% Li2O late last year.
Fin Resources’ (ASX:FIN) White Bear prospect is part of the 79km2 Cancet West project in Quebec, Canada, which is just ~45km from Winsome Resources’ (WR1:ASX) Cancet and 100km from Patriot Battery Metals’ (PMT:ASX) huge Corvette lithium deposits.
Drilling to kick off at White Bear
Following the initial discovery of outcrop in November last year, the first 1,500m out of a planned 5,000m diamond drilling program is being targeted for a Q1 start to test the coarse spodumene-bearing lithium mineralised zone across five pegmatite outcrops.
Rock chip samples at the 138181 pegmatite at White Bear showed 6.5% Li2O with caesium of 293 parts per million (ppm) and a K/Rb ratio of 35.43%.
At the 138182 pegmatite, 6.85% Li2O and 513.9ppm caesium with a K/Rb ratio of 26.09% was identified.
FIN’s Cancet West lithium project, including the White Bear discovery. Pic: Supplied (FIN)
Assays from 28 channel samples from the outcrops since has continued to prove the presence of lithium, returning results such as 1m @ 2.39% Li2O, 1m @ 2.16% Li2O and 1m @ 1.23% Li2O.
The drilling program is designed to test a coarse spodumene-bearing lithium mineralised zone, identified over ~300m strike and 100m at its widest, within the five pegmatite outcrops at White Bear.
Fully-funded for the initial phase, FIN is awaiting final approval from Hydro Quebec.
Helicopter and drilling contractors are already in place.
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.
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