Announcement Date: 2022-08-17
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Critical Resources Ltd.
Project name: Mavis Lake
Location: Canada
Commodities: Lithium
Highlight: Drilling results incl. 17.47m @ 0.79% Li2O from 143.27m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Critical Resources Limited (ASX:CRR) (“Critical Resources” or “the Company”) is pleased to announce further assay results from the drilling campaign at the Company’s 100%-owned Mavis Lake Lithium Project (“the Project”) in Ontario, Canada. The latest assay data has confirmed lithium mineralisation continues towards the west of the significant intercepts from the previous 2018 drill program2 . Visual reports were provided immediately after drilling in May this year (refer to ASX Announcement 20 May and ASX Announcement 31 May 2022). The assay results correlate with reported visual estimates of mineralisation, including 10.84m at 1.08% lithium oxide (Li2O) from drill hole MF22-73, shown in figure 1 (Appendix 1 & 2 contains full details of recent assay results). Significant lithium mineralisation is shown to also occur at depth which leads to potential mineralisation still being open at greater depths. The drilling program at Mavis Lake has intersected spodumene mineralisation within 56 out of 62 drill holes to date and continues to increase the extent of known mineralisation, both laterally and at depth1 .
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