- Critical Resources (CRR) stakes a further 1,200 hectares of land in the Electric Avenue region of Ontario, Canada to expand its Plaid lithium project
- The company says it has also finalised an “aggressive” work program with the ultimate aim of identifying drill targets across the Plaid and Whiteloon projects where pegmatite mineralisation have been observed
- Plans for the stage-one exploration program include permitting, surface mapping and sampling, an airborne survey, channel sampling and drilling
- CRR shares up 1.32 per cent to 7.7 cents
Critical Resources (CRR) has staked a further 1,200 hectares of land in the Electric Avenue region of Ontario, Canada to expand its Plaid lithium project.
The company said it had also finalised an “aggressive” work program with the ultimate aim of identifying drill targets across the Plaid and Whiteloon projects where pegmatite mineralisation were observed.
Plans for the stage-one exploration program included permitting, surface mapping and sampling, an airborne survey, channel sampling and drilling.
Critical said studying and evaluating the observed pegmatites was crucial to it exploration strategy in Canada.
“It is positive to be developing work programs in such a prospective region in Ontario. The region’s deposits in the locality represent some of the largest hard rock lithium deposits in North America,” Managing Director Alex Biggs said.
“Our desktop studies have concluded similarities between the projects and some of the deposits nearby which warrant further studies and exploration, particularly the trend of pegmatites.
“For now, we are waiting for the snow to melt, and expect to be performing work on the ground throughout the summer months.”
The company said once targets at both projects were determined following preliminary drilling, it planned to undertake a diamond drilling program to test them.
CRR shares were up 1.32 per cent to 7.7 cents at 1:27 pm AEST.