Lithium

Winsome Resources detects visible lithium spodumene from initial drilling at Cancet

Tue 29 Mar 22, 11:24am (AEST)
Diamind drill rig Winsome Resources
Source: Winsome Resources

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Key Points

  • Winsome Resources is almost two-weeks into its drill campaign at the Cancet Project
  • Initial drill cores have identified visible spodumene crystals, viewed as "highly encouraging"

Winsome Resources (ASX: WR1) has detected large, visible spodumene crystals in the initial drill cores at its flagship Cancet Project, in the James Bay region of Quebec, Canada.

The drilling campaign kicked off last Monday, 21 March and is expected to take three to four weeks. The first week resulted in the drilling of six holes, with a further 14 to be completed over the coming weeks.

“While we don’t have an quantitative estimate yet how strongly mineralised the pegmatites are with lithium, the signs are very encouraging,” said Managing Director, Chris Evans.

“The drilling campaign so far has largely confirmed data gathered in previous drill campaigns and added to the Company’s knowledge of the extent of the pegmatite ore body.”

The batch samples from the first week will be sent to the laboratory for assay and results are expected within 6-8 weeks. 

Spodumene crystals at initial drill core WR1
Source: Winsome Resources (March 2022)

Concurrent with the drill program, Winsome is also testing several new targets near the pegmatites which were recently identified by magnetic data over the area. 

Winsome advised that the gravity survey is “progressing well” and expected to be completed in the next 15 to 20 days. Analysis of the results and target identification will take a further 6-8 weeks.

Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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