Announcement Date: 2022-09-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Critical Resources Ltd.
Project name: Mavis Lake
Location: Canada
Commodities: Lithium
Highlight: Drilling results incl. 15m at 1.19% Li2O from 148.15m
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 assay results from the current diamond drilling campaign at the Company’s 100% owned Mavis Lake Lithium Project. The assay results illustrate the continuity of high-grade lithium mineralization within the Main Zone of Mavis Lake and present continued intercepts of extremely high-grade lithium oxide. Exploration Drilling Overview. As the Company pushes its drilling campaign to the west, the assay results confirm continued lithium mineralization, ultimately extending the confirmed strike length of the main zone which has been subject to approximately 11,000 meters of drilling in this current 2022 campaign. The high-grade lithium confirmed in the assay results correlate with visual assessments released immediately after drilling (refer to ASX Announcements of 16 June 2022 and 22 June 2022). Future Works. Drilling continues at Mavis Lake with a total of approximately 11,676m completed out of the recently extended 15,000m drill program The phase 3 drilling results will be presented when assays have been received. The Company is undergoing initial discussions with consultants to perform metallurgical test work as well as resource modelling and will advise the market of progress in due course.
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