A render of the element lithium with related information.
Source: Adobe Stock
The Market Online - At The Bell

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

Trinex Minerals Ltd (ASX:TX3), which is seeking lithium in Canada’s Northwest Territories, has discovered spodumene-hosting pegmatites in the form of both boulders and outcrops following an initial field program at its Halo-Yuri Lithium Project.

The company undertook three weeks of mapping fieldwork to determine whether the project featured any pegmatite offering worthy of further exploration.

From this, they identified four areas holding spodumene outcrops or boulders, all in the project’s northern section, and pinned down three new prospects, Kick, Jagged and Amber: which are up to 30 metres wide, and 3 kilometres in strike length.

Managing director Will Dix said the pegmatites – which represented walk-up drill targets for Trinex – were a significant find.

“We initially aimed at ground-checking numerous areas for follow-up sampling, instead we
discovered a new spodumene-bearing pegmatite field in the north of the project that presents walk up drill targets,” he said.

“The results have exceeded our expectations, and we are eager to share the assays results from the samples collected as soon as they become available.

“The next steps at Halo-Yuri will be to determine the most optimal drill sites to test the extent of the pegmatites and incorporate this into a Land Use Permit Application that will be submitted in the next few weeks.”

Trinex has been trading at 0.3 cents.

TX3 by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…