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Winsome Resources (ASX:WR1) discovers pegmatite outcrop at Adina, Canada

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ASX:WR1      MCAP $254.6M
16 August 2022 11:52 (AEST)

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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.

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