50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Leeuwin Metals kicks off summer field exploration at Cross Lake Lithium Project in Canada

Published 03/07/2024, 11:58 am
Updated 03/07/2024, 12:30 pm
© Reuters.  Leeuwin Metals kicks off summer field exploration at Cross Lake Lithium Project in Canada
GC
-
HG
-
SI
-

Leeuwin Metals Ltd (ASX:LM1) has begun field mapping over promising lithium-caesium-tantalum (LCT) pegmatites at the Cross Lake Lithium Project in Manitoba, Canada, following up last year’s exploration, which identified a 4.7-kilometre prospective lithium corridor.

The fieldwork will better inform LM1 as to the position and nature of spodumene (hard rock lithium) mineralisation in unexplored areas of the project.

Hyperspectral imagery and desktop targeting has identified more than 300 walk-up targets to be tested in 2024.

The exploration team will also focus on advancing targets prospective for lithium, copper, gold and silver within the 2,000-square-kilometre tenure, which sits within the Cross Lake greenstone belt.

“Significant potential” to expand project

“The summer field season will see Leeuwin significantly expanding on the fieldwork that was completed at the end of last year,” Leeuwin Metals managing director Christopher Piggott said.

“Fieldwork is planned to target interpreted spodumene-bearing LCT pegmatites in unexplored areas of the project to expand mineralisation and drill targeting.

“The Cross Lake Lithium Project currently spans a well-defined trend of 4.7 kilometres, based on sampling and historical drilling.

“We believe there is significant potential to further expand the scale of the project.

“Additionally, we are also pleased to see the Fraser Institute has now ranked Manitoba at 6th best place for mining investment attractiveness worldwide.

“With the commencement of work programs and the progression of the drill permit, we have multiple high-impact exploration activities planned for the second half of 2024.

“We look forward to providing updates as we progress with our work programs.”

Leeuwin will leverage results from this summer field program to target its upcoming drill program – LM1 says permitting is well advanced, and the program is scheduled to begin within the next few months.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.