Critical Resources (ASX:CRR) - Managing Director, Alex Biggs
Managing Director, Alex Biggs
Source: Critical Resources
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  • Critical Resources (CRR) encounters visual spodumene at its Mavis Lake Lithium Project in Ontario, Canada
  • The mineralisation was encountered in the first hole of the company’s inaugural 5000-metre drilling program
  • It was drilled to a depth of 47 metres and intersected 7.63 metres of pegmatite mineralisation which contains roughly 25 per cent spodumene crystals
  • The company has begun drilling hole two which will test the down-dip continuity of the lithium mineralisation in the Pegmatite 6 zone
  • Critical is up 9.52 per cent on the market with shares trading at 11.5 cents

Critical Resources (CRR) has encountered visual spodumene at its Mavis Lake Lithium Project in Ontario, Canada.

The mineralisation was encountered in hole MF22-60, the first of the company’s inaugural 5000-metre drilling program.

Hole MF22-60 was drilled to a depth of 47 metres and intersected 7.63 metres of white to grey pegmatite mineralisation which contains roughly 25 per cent of medium to large, white-grey spodumene crystals.

Critical has begun drilling hole two, MF22-61, which will test the down-dip continuity of the lithium mineralisation in the Pegmatite 6 zone.

The company plans to undertake additional drilling to further develop the resource potential of Mavis Lake.

“To encounter visual mineralisation in our first drill hole at Mavis Lake is extremely exciting,” Managing Director Alex Biggs said.

“The company has moved quickly and efficiently in the acquisition and exploration strategy for Mavis Lake and it’s great to see results so early in our campaign,”

“We feel that Mavis Lake has the potential to be a transformational asset for the company and we are committed in our goal of defining a JORC compliant resource.”

Critical was up 9.52 per cent on the market with shares trading at 11.5 cents at 11:19 am AEST.

CRR by the numbers
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