{"id":886,"date":"2023-11-02T03:33:53","date_gmt":"2023-11-02T03:33:53","guid":{"rendered":"https:\/\/economicherald.net\/?p=886"},"modified":"2023-11-02T03:33:53","modified_gmt":"2023-11-02T03:33:53","slug":"theres-a-bear-in-there-fin-froths-over-new-canadian-lithium-find","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=886","title":{"rendered":"There\u2019s a Bear in There: Fin froths over new Canadian lithium find"},"content":{"rendered":"<p>More spodumene crystals found at Cancet West just six months after project acquisition<br \/>\nNew discovery area named White Bear<br \/>\nFin holds strategic ground position in Quebec near Winsome Resources, Patriot Battery Metals and James Bay Minerals<br \/>\nDrilling planned for early next year<\/p>\n<p>\u00a0<\/p>\n<p><strong>Fin Resources has stumbled across more outcropping pegmatites at its newly named White Bear lithium discovery in Canada.<\/strong><\/p>\n<p>A little more than six months after joining the Quebec lithium party, <a href=\"https:\/\/stockhead.com.au\/company\/fin-resources-fin\/\">Fin (ASX: FIN)<\/a> has identified another batch of spodumene crystals at its Cancet West project no more than 250m away from the previous discovery outcrop.<\/p>\n<p>Spodumene, a mineral which grades ~6% lithium, is the holy grail for hard rock lithium explorers.<\/p>\n<p>The discovery was made by Fin\u2019s in-country consultant Mercator Geological Services during recent follow-up field work.<\/p>\n<p>Fin has afforded the name White Bear to this new discovery at Cancet West, which sits just 45km west of the Cancet deposit held by <a href=\"https:\/\/stockhead.com.au\/company\/winsome-resources-wr1\/\">Winsome Resources (ASX: WR1)<\/a> and 100km west of the Corvette lithium discovery made by <a href=\"https:\/\/stockhead.com.au\/company\/patriot-battery-metals-pmt\/\">Patriot Battery Metals (ASX: PMT)<\/a>.<\/p>\n<p>Newly listed <a href=\"https:\/\/stockhead.com.au\/company\/james-bay-minerals-jby\/\">James Bay Minerals (ASX: JBY)<\/a> also has tenure strategically positioned between the east and west blocks of Cancet West.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Spodumene confirmed in all the right places<\/strong><\/h2>\n<p>Fin has interpreted that all spodumene-bearing outcrops within the White Bear area are part of the same intrusive body.<\/p>\n<p>The new pegmatite outcrops were discovered from regional reconnaissance work and will be explored in more depth during the Canadian spring of 2024.<\/p>\n<p>All four samples from three trenches across White Bear have been confirmed as containing spodumene via a SciAps handheld laser-induced breakdown spectroscopy. Further analysis is being undertaken at ALS in Val d\u2019Or.<\/p>\n<p>Results are expected within 4-6 weeks.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Pegmatite discovery validates Canadian expedition<\/strong><\/h2>\n<p>Fin director Jason Bontempo said this latest development justified the company\u2019s decision to acquire the Canadian lithium assets back in April.<\/p>\n<p>\u201cBeing able to discover numerous additional outcropping pegmatite that hosts spodumene crystals up to 70cm in length is very exciting for the company,\u201d he said.<\/p>\n<p>\u201cWe are now working very hard to progress these targets to drilling during Q1 2024.\u201d<\/p>\n<p>Fin is now planning for a Canadian winter drilling program, including the submission of an initial drilling proposal to Hydro Quebec and Quebec Ministry of Natural Resources.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Fin Resources, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/theres-a-bear-in-there-fin-froths-over-new-canadian-lithium-find\/\">There\u2019s a Bear in There: Fin froths over new Canadian lithium find<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>More spodumene crystals found at Cancet West just six months after project acquisition New discovery area named White Bear Fin holds strategic ground position in <a href=\"https:\/\/economicherald.net\/?p=886\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":887,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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