The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Winsome Resources (WR1) discovers a new pegmatite dyke at its Adina project in Quebec
  • The new outcrop, labelled the “Jamar discovery”, was found through recent fieldwork and lies one kilometre northeast of previously drilled outcrops
  • Winsome says the new discovery appears unconnected to previous outcrops, but it will soon undertake drilling to assess whether it’s a continuation
  • Rock chip samples from the field program have been sent for assaying, and Winsome says it expects to begin diamond drilling in late September or early October
  • Company shares are down 1.67 per cent and trading at 30 cents per share at 11:49 am AEST

Winsome Resources (WR1) has discovered a new pegmatite dyke through recent fieldwork at its Adina project in Quebec, Canada.

The new outcrop, dubbed the “Jamar discovery”, lies one kilometre northeast of previously drilled outcrops but is reportedly unconnected to them.

However, Winsome said it may conduct infill drilling in its upcoming autumn-winter programs to find out whether the pegmatite outcrop is a continuation of previously-identified zones.

Winsome has sent off rock chip samples from the new outcrop, as well as from other areas, for assaying and hopes the results will show further mineralisation.

The results are expected in about six weeks.

“The team has done an outstanding job to cover so much of the ground at Adina over the past three weeks and to have made further discoveries of pegmatites in the project area,” Managing Director Chris Evans said.

Mr Evans said the field activities at Adina had generated targets for upcoming drilling, and the company was currently going through the permitting process.

“Our intention is to continue progressing quickly, with follow-up exploration activities and work towards being able to announce a resource for Adina, while simultaneously advancing Cancet and our other existing projects in the region,” he added.

At this stage, drilling is targeted to commence in late September or early October.

Winsome shares were down 1.67 per cent and trading at 30 cents per share at 11:49 am AEST.

WR1 by the numbers
More From The Market Online

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

The big thematics and headlines that drove the ASX this week, plus, the headlines I think…
The Market Online Video

Market Close: ASX signs off on a sigh with all sectors red-lining

The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as bot…
The Market Online Video

Market Update: ASX on red alert with all sectors below the surface

The ASX200 is trading down around 1.1% with all eleven sectors in the red. Real-estate has…

ResMed spikes on robust results and global growth spurt

ResMed shares have climbed following the release of the company's strong Third Quarter FY2024 results.