Lithium-hunting junior Trinex is gearing up for a big summer of field work
Primary focus lies on its Northwest Territories projects in Canada…
The Halo-Yuri lithium project is of particular interest
Special Report: Junior lithium player Trinex Metals is determined to prove Canada’s Northwest Territories is the country’s next lithium hotspot with the northern hemisphere summer to ring the bell on its exploration drive.
Trinex Metals (ASX:TX3) – formerly known as Todd River Resources – is preparing to step up its lithium hunt bigtime in Canada during the summer months.
Not in the crowded lithium land of James Bay, Quebec (where many ASX spelunkers are finding themselves these days), but several thousand kilometres north and west.
Here in the NWT, Trinex holds a large exploration footprint, with three projects collectively spanning ~500km2.
South-east of that, the company also has some uranium interest thanks to an earn-in agreement on the Gibbons Creek Uranium Project in the Athabasca Basin.
But we’re staying on lithium here, because there’s a…
Big NWT summer ahead for Trinex
As noted, the company has three 100%-owned operations on the go in the Northwest Territories.
At its Halo-Yuri lithium project, it’s been fast-tracking planned on-ground exploration to determine the prospectivity of its tantalising pegmatite systems.
Fresh satellite imagery has revealed “hundreds of pegmatite targets”, notes Trinex, which also believes there is significantly more on offer from what’s currently obscured by glacial till and moss.
Once ice completely melts from the main lakes around the project, Halo-Yuri will become Trinex’s priority with a block of concentrated field work.
While waiting for that to happen, summer field work will be focused on the MAC lithium project’s large LCT pegmatite swarm to the south of the site.
The Halo-Yuri lithium project (north) with highlighted target areas for the 2024 summer exploration program. Pic via TX3
Then there’s the Ross Lake lithium project, where, prior to drilling, some further archaeology work is required to follow up initial research.
Trinex’s projects in the Northwest Territories, including Ross Lake. Pic via TX3
Building the picture
Trinex has been working hard during the winter to get everything in frame for its summer operations.
And that includes, it says, engagement with local First Nations entities along with the aforementioned archaeological work and campaign planning.
“Our team has spent the northern winter months in desktop mode, and we are eager to get on the ground to get into the next phase,” Trinex managing director Will Dix says.
“The progress we have made to get Ross Lake ready for drilling is particularly pleasing, and the team will prioritise finalising the on-ground risk assessment to enable this drill program to commence.
“We have only just started to build the picture of the potential of these projects, and we are encouraged by everything we have seen in the initial exploration program.”
Dix also noted the company is “fully funded” for summer exploration activities.
Barry FitzGerald’s Explorers Podcast recently welcomed Dix on the show to talk about Trinex’s projects, upcoming work programs and more. Click here to listen.
This article was developed in collaboration with Trinex 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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