{"id":4502,"date":"2024-01-17T04:04:13","date_gmt":"2024-01-17T04:04:13","guid":{"rendered":"https:\/\/economicherald.net\/?p=4502"},"modified":"2024-01-17T04:04:13","modified_gmt":"2024-01-17T04:04:13","slug":"fin-resources-identifies-regional-lithium-targets-at-cancet-west-as-white-bear-drilling-looms","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4502","title":{"rendered":"Fin Resources identifies regional lithium targets at Cancet West as White Bear drilling looms"},"content":{"rendered":"

FIN Resources identifies multiple pegmatite trends across new Cancet West claims
\nTrends appear associated with Lac Guyer greenstone belt, which hosts the Cancet and Corvette deposits
\nApprovals for initial White Bear lithium drilling expected soon<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> While White Bear has emerged as the lithium discovery Fin Resources is especially keen to drill test, historical exploration data has indicated there\u2019s room for more discoveries to be made at the Cancet West project in Quebec.<\/strong><\/p>\n

The 79km2 Cancet West project is 45km from\u00a0Winsome Resources\u2019 (WR1:ASX)<\/strong><\/a>\u00a0Cancet project and 100km from\u00a0Patriot Battery Metals\u2019 (PMT:ASX)<\/strong><\/a>\u00a0huge Corvette lithium deposits.<\/p>\n

White Bear was discovered by\u00a0Fin Resources (ASX:FIN)<\/strong><\/a> in October with samples returning both high grades of Li2O and pathfinder elements, along with low potassium-to-rubidium (K\/Rb) ratios and elevated caesium (Cs).<\/p>\n

Low K\/Rb ratios are important when analysing what\u2019s in the ground, as the lower they are, the more likely the potential for highly fractionated lithium-bearing pegmatites.<\/p>\n

Since then, assaying of channel sampled outcrops has continued to prove the presence of lithium, returning results such as 1m grading 2.39% Li2O, 1m at 2.16% Li2O and 1m at 1.23% Li2O.<\/p>\n

Unsurprisingly, the discovery tops the company\u2019s priority list for drill testing in the current quarter.<\/p>\n

Pegmatite trends and beryl occurrence in government mapped outcrops at Cancet West. Pic: Supplied (FIN)<\/p>\n

\u00a0<\/strong><\/p>\n

Extensive regional prospective<\/h2>\n

While White Bear is undoubtedly exciting, FIN\u2019s compilation of historical exploration data across new claims at Cancet West has provided a reminder that it is certainly not the only target worthy of interest.<\/p>\n

This work has identified a number of outcrops of pegmatitic material mapped by the Ministry of Natural Resources and Forestry Quebec, including very coarse-grained pegmatites and an occurrence of beryl.<\/p>\n

No exploration occurred on the majority of the interpreted pegmatite trends, making them very exciting and unexplored green fields targets.<\/p>\n

FIN notes that these interpreted pegmatite trends appear to be associated with the ~10-15km strike length of the Archean-aged Lac Guyer greenstone belt, which hosts the Cancet and Corvette deposits.<\/p>\n

The occurrence of beryl within an outcrop of very coarse grained graphic textured granite, foliated tonalite and amphibolite schist also highlights significant potential for lithium mineralisation beyond White Bear.<\/p>\n

\u201cFIN is now aggressively advancing towards its maiden drill program at White Bear to test for a new major lithium deposit discovery in the Lac Guyer Greenstone belt along from the existing multi hundred million dollar valued Cancet deposit and Corvette deposit discoveries,\u201d chairman Jason Bontempo said.<\/p>\n

\u201cThis is a very exciting diamond drilling program for FIN, with the fully funded initial phase of approximately 1,500m representing the first drilling ever completed across the Cancet West Project.<\/p>\n

\u201cFurthermore, we have defined significant regional pegmatite trends across the recently expanded claims at Cancet West. First time ever exploration work over these trends is planned during the forthcoming Canadian Spring with aim of uncovering more drill targets for potential lithium discoveries.\u201d<\/p>\n

\ufeff<\/span><\/div>\n\n

Cancet West exploration<\/h2>\n

FIN expects to receive approvals for White Bear drilling in the coming weeks. It is currently reviewing tenders for drill and camp contractors.<\/p>\n

The company is fully funded for this initial 1,500m phase of drilling.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Fin Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Fin Resources identifies regional lithium targets at Cancet West as White Bear drilling looms<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

FIN Resources identifies multiple pegmatite trends across new Cancet West claims Trends appear associated with Lac Guyer greenstone belt, which hosts the Cancet and Corvette [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4503,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nFin Resources identifies regional lithium targets at Cancet West as White Bear drilling looms - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4502\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fin Resources identifies regional lithium targets at Cancet West as White Bear drilling looms - 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