Fin Resources secures approval for up to 5,000m of drilling at the White Bear lithium prospect
White Bear features high-grade Li2O samples, low K/Rb ratios and elevated caesium
Fully funded initial drilling totalling ~1,500m to start in mid-April
Special Report: Fin Resources has received the green light to start maiden drilling at the highly prospective White Bear lithium discovery within its Cancet West project in Quebec, Canada.
The ~80km2 Cancet West project is 45km from Winsome Resources’ (WR1:ASX) Cancet project and 100km from Patriot Battery Metals’ (PMT:ASX) huge Corvette lithium deposits.
Exploration carried out by Fin Resources (ASX:FIN) in October 2023 led to the discovery of White Bear with sampling returning both high grades of Li2O and pathfinder elements, along with low potassium-to-rubidium (K/Rb) ratios and elevated caesium (Cs).
Low K/Rb ratios are of special interest to lithium explorers as they point to the potential for highly fractionated lithium-bearing pegmatites.
Since the initial discovery, assaying of channel sampled outcrops 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.
Historical exploration data has also identified a number of outcrops with pegmatitic material mapped by the Ministry of Natural Resources and Forestry Quebec that include very coarse-grained pegmatites and an occurrence of beryl.
No exploration has occurred on the majority of the interpreted pegmatite trends, which appear to be associated with the ~10-15km strike length of the Archean-aged Lac Guyer greenstone belt that hosts the Cancet and Corvette deposits.
The White Bear spodumene discovery. Pic supplied (FIN)
Waking the White Bear
FIN is now preparing to launch the maiden drill program at White Bear after securing approvals for an all-encompassing 5,000m diamond drilling program.
The company is fully funded for the initial phase (1,500m) of drilling, which is expected to begin in mid-April.
Drilling will test a coarse spodumene-bearing lithium mineralised zone, identified over ~ 300m strike by 100m at its widest within five pegmatite outcrops at White Bear.
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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