- Trinex Minerals (ASX:TX3) receives assays from a surface geochemical sampling program at its Ross Lake and MAC Lithium projects in the Northwest Territories of Canada
- TX3 unearths lithium with spodumene crystals in LCT pegmatites and confirms pegmatite swarms with a decreasing K/Rb ratio
- Results include 3.31 per cent lithium oxide, 2.27 per cent lithium oxide, and 1.84 per cent lithium oxide from Trinex’s Dyke 75 area at its Ross Lake project
- Trinex intends to commence a maiden drilling program in the June quarter of 2024
- TX3 shares are up 12.5 per cent, trading at 0.9 cents at 11:04 am AEDT
Trinex Minerals (ASX:TX3) has received the final assays from a surface geochemical sampling program at its Ross Lake and MAC lithium projects in the Northwest Territories, Canada.
Samples were collected over two weeks at the end of the Canadian Summer 2023 field season just north of Yellowknife, an emerging region of critical mineral exploration.
Trinex reported high-grade lithium interceptions with a notable presence of spodumene crystals in lithium-caesium-tantalum (LCT) pegmatites at Ross Lake.
Results included 3.31 per cent lithium oxide, 2.27 per cent lithium oxide, and 1.84 per cent lithium oxide from Trinex’s Dyke 75 area, prompting the prospect to become the company’s prime focus for drilling in 2024.
Management comment
“These results have positioned us for a targeted drill program as soon as the season allows, and the team has also identified some exciting new target areas for mapping and follow-up fieldwork in the next Canadian summer,” TX3 Managing Director Will Dix said.
“Upcoming work will focus on continued engagement and consultation with First Nations Communities with a series of face-to-face meetings scheduled for late January.”
Meanwhile, at its MAC project, Trinex analysed several pegmatite swarms and confirmed the presence of a promising large LCT pegmatite in the southern area of the project with a decreasing K/Rb ratio, an indicator of lithium-bearing pegmatites.
Next steps
This project will also form part of the company’s 2024 exploration activities, with future steps including continual First Nations engagement, as well as the submissions of a Class A Land Use Permit Application in early February.
Trinex intends to commence a maiden drilling program in the June quarter of 2024.
TX3 shares were up 12.5 per cent, trading at 0.9 cents at 11:04 am AEDT.