Announcement Date: 2022-10-31
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Critical Resources Ltd.
Project name: Mavis Lake
Location: Canada
Commodities: Lithium
Highlight: Drilling results incl. 14.75m at 0.87% Li2O from 152.25m
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 positive assay results from the current diamond core drilling campaign at the Company’s 100% owned Mavis Lake Lithium Project. The latest set of assay results have confirmed continuity of high-grade lithium mineralisation, with a current strike length of 750m within the Main Zone at Mavis Lake. Key assay data can be seen in Table 1, full details can be seen in Appendix 1. All assays released to date have confirmed lithium mineralisation over a 750m strike length, with an approximate 50m drill hole spacing within the Main Zone. This structured and deliberate approach to drill planning and execution will underpin the maiden Mineral Resource Estimate (MRE) work, which in underway and expected to be released in Q1 2023.
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