PriceSensitive

Winsome Resources provides exploration update across Quebec project portfolio

ASX News, Materials
ASX:WR1      MCAP $238.4M
19 October 2023 12:48 (AEST)

Adina Project Airborne Survey:

Winsome Resources (ASX:WR1) has issued an update on its ongoing exploration activities across its project portfolio in the James Bay region of Quebec, Canada.

These developments coincide with the continuation of drilling operations at the Adina project.

The culmination of these key activities coincides with the conclusion of the summer field season in Canada.

Tilly project

Winsome’s recent efforts at its Tilly project have revealed a mineralised pegmatite outcrop with significant potential.

This discovery stems from mapping and sampling programs, with collected samples returning results of up to 4.68 per cent lithium oxide in association with a spodumene-rich zone.

This discovery marks a significant milestone for Winsome Resources and reinforces the lithium potential in this hotspot.

Adina project

The Adina project, which now includes the recently acquired Jackpot Property, has completed an airborne survey.

This survey has provided invaluable data for geological and structural interpretation, which will be key in identifying future drilling targets.

Cancet project

Mapping and sampling programs at Winsome’s Cancet project have been in full swing, leading to the identification of new outcrop areas.

These efforts contribute to the expansion of a comprehensive dataset derived from a three-year exploration program, paving the way for a meticulous targeting exercise to outline the next phase of exploration at Cancet.

“Our field teams have taken advantage of the last portion of the summer field season to cover a large amount of the project and have identified several new targets worthy of drill testing,” WR1 Managing Director Chris Evans said.

WR1 shares were down 2.31 per cent, trading at $1.27 at 12:48 pm AEDT.


Related News