Join our daily newsletter At The Bell to receive exclusive market insights
- Winsome Resources (WR1) receives step-out drilling assays east and west of previous drilling activities at the company’s Adina Main deposit in Quebec, Canada
- The results stem from regularly spaced drilling over one kilometre of the 3.1 kilometres of known mineralisation at Adina, which found high-grade lithium in the Main Zone and FW Zone
- WR1 encountered mineralised sections with discrete ultra-high grade zones, including 2.14 per cent lithium oxide over 7 metres from 29 metres
- The next phase of drilling will focus on delineating higher lithium-grade zones to reach a maiden MRE
- WR1 shares are up 5.09 per cent, trading at $1.76 at 12:28 pm AEST
Winsome Resources (WR1) has received assays from step-out drilling east and west of previous drilling carried out at its Adina Main deposit in the James Bay region of Quebec, Canada.
The results stemmed from regularly spaced drilling over one kilometre of the 3.1 kilometres of known mineralisation at Adina, which uncovered “substantial”, high-grade lithium mineralisation in the Main Zone and Footwall (FW) Zone.
Assays include 1.37 per cent lithium oxide over 61.2 metres from 8.9 metres in the Main Zone and 1.98 per cent lithium oxide over 35.4 metres from 251.2 metres in the FW zone.
The company encountered some mineralised sections with discrete ultra-high grade zones, including 2.14 per cent lithium oxide over 7 metres from 29 metres, and 2.6 per cent lithium oxide over 8.1 metres from 62 metres.
“Adina continues to grow in size with each set of drilling results as does its potential to be a significant near-term supplier to the North American lithium market,” WR1 Managing Director Chris Evans said.
“We are focused on defining a robust lithium resource with systematic drill testing of the pegmatite bodies identified to date, as well as testing for new pegmatite swarms similar to the recent Footwall Zone discovery.”
WR1 awaits assays from near-surface drilling testing of its FW zone, and the company has mobilised drill rigs to the site this week, following the lifting of restrictions in the James Bay region.
The company’s next phase of drilling will focus on delineating higher lithium-grade zones to reach a maiden mineral resource estimate.
WR1 shares were up 5.09 per cent, trading at $1.76 at 12:28 pm AEST.
