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- Loyal Lithium (LLI) completes field mapping program at its Hidden Lake lithium project in Canada
- Samples from six spodumene-bearing pegmatites were taken for analysis and LiDAR and orthophoto airborne surveys identified 270 outcrops and 33 channel samples
- The field program also targeted historical pegmatite dykes drilled to 50 metres in 2018 grading 1.81 per cent lithium oxide
- A high-resolution aeromagnetic/radiometric survey is planned for September, contingent on the abatement of fire and smoke
- LLI shares are down 13.3 per cent, trading at 68.5 cents at 1:40 pm AEST
Loyal Lithium (LLI) has wrapped up a field mapping program at its Hidden Lake lithium project in Canada, despite facing significant wildfires in the area.
The mapping exercise identified six additional spodumene-bearing pegmatite zones, which have seen samples urgently sent for analysis. This analysis will assist in defining high-priority drilling targets for the company’s upcoming drill program.
In addition to the field mapping, LiDAR and orthophoto airborne surveys have detected an additional 270 outcrop samples and 33 channel samples. Results from these samples are expected in September 2023.
“We anticipate that the discovery of additional spodumene-bearing zones at Hidden Lake will significantly increase the interpreted 2.25-kilometre strike length of the previously known spodumene zones on our project, generating additional drilling targets and increasing the potential scale of this exciting project,” LLI Managing Director Adam Ritchie said.
“Forrest fires have been notable across Canada this summer and the fires near the Yellowknife region have now reached a critical level with an evacuation order issued, our thoughts are with the Yellowknife and First Nation Communities as authorities, dedicated volunteers and essential personnel continue to fight this threat of fire on many fronts.
“Thankfully, our field program has been largely unaffected, and we look forward to receiving our outcrop and channel assay results will aid in refining our high-priority drill targets for our winter drilling program at Hidden Lake.”
The field program targeted both the company’s historical pegmatite dykes and new targets, with drillhole intercepts of up to 1.81 per cent lithium oxide observed at targets drilled to 50 metres in 2018.
Hidden Lake’s four existing pegmatites have a cumulative strike length of 2250 metres and remain open both in terms of length and depth.
Furthermore, a high-resolution aeromagnetic/radiometric survey is planned for September, contingent on the abatement of fire and smoke.
LLI shares were down 13.3 per cent, trading at 68.5 cents at 1:40 pm AEST.
