Lithium explorer / developer Winsome Sources (ASX:WR1 ; “Winsome” or “the Firm”) is happy to announce additional wonderful outcomes from useful resource delineation drilling at its 100%-owned Adina Lithium Venture within the Eeyou Istchee James Bay area of Quebec, Canada. Outcomes proceed to focus on the massive scale and constructive grade traits of the Adina Lithium Venture because the Firm progresses in the direction of a Mineral Useful resource Replace in the direction of the tip of H1 2024 and preliminary mission research in H2 2024.
HIGHLIGHTS
- Assay outcomes from circa 4,700m of useful resource delineation drilling undertaken in This fall 2023 proceed to display the thick, shallow, high-grade nature of mineralisation on the large-scale Adina Lithium Deposit.
- The Adina Lithium Deposit features a substantial zone of close to floor mineralisation (Important Zone) highlighting the potential for open pit mining with a low waste to ore strip ratio.
- Outcomes from the Important Zone (MZ) embody:
- 61.9m at 1.40% Li2O from 3.5m (AD-23-135, MZ)
- 52.8m at 1.46% Li2O from 19.0m (AD-23-129, MZ)
- 40.5m at 1.93% Li2O from 69.5m (AD-23-093, MZ)
- 27.1 m at 1.72% Li2O from 52.2m (AD-23-123, MZ)
- New intersections within the Footwall Zone (FWZ) proceed to return excessive grade outcomes, enabling increased worth zones of mineralisation to be focused in preliminary mining situations:
- 25.9m at 1.59% Li2O from 275.0m (AD-23-093, FWZ)
- 29.4m at 1.21 % Li2O from 286.6m (AD-23-106, FWZ)
- 15.3m at 1.60% Li2O from 229.3m (AD-23-111, FWZ)
- 14.2m at 1.53% Li2O from 234.9m & 14.3m at 1.26% Li2O from 264.7m (AD-23-115)
- 6.6m at 1.89% Li2O from 208.7m & 27.9m at 1.31 % Li2O from 225.3m (AD-23-125)
- 34.9m at 1.09% Li2O from 235.4m incl. 17.6m at 1.46% Li2O (AD-23-1 30A, FWZ)
- Common receipt of assay outcomes ensures replace to Adina Inferred Mineral Useful resource Estimate of 59Mt at 1.12% Li2O on observe for completion in H1 2024
- Venture research are advancing and on observe for completion in H2 2024
WINSOME’S MANAGING DIRECTOR CHRIS EVANS SAID:
“It’s pleasing to have the ability to present our shareholders with one other set of assay outcomes from the 2023 useful resource delineation drill programme. The goal is to offer consistency for useful resource modelling and mission research and these intersections are definitely in keeping with the earlier wonderful outcomes at Adina. What is very encouraging is the mineralisation is oriented in a fashion more likely to be beneficial to a low strip open pit operation, which I anticipate will show constructive in our improvement research later this 12 months.
The board and I’ve been via earlier lithium worth cycles lately and due to this fact perceive the components for a profitable, worthwhile mission, whatever the prevailing short-term commodity pricing atmosphere. We anticipate the present mission research will display Adina is a sturdy mission which shall be enticing to traders and funding companions. We sit up for sharing the outcomes of those research when they’re accomplished later this 12 months.”
Not too long ago acquired drilling outcomes are summarised in Desk 1 under and are from 13 infill useful resource delineation holes representing 4,693 metres of drilling accomplished in This fall 2023 at Adina. Assay outcomes are pending from one other 13,000m of drilling accomplished in 2023, which proceed to be acquired according to anticipated turn-around instances as suggested beforehand as a consequence of using a number of laboratory contractors.
Winsome stays assured all 2023 outcomes shall be acquired within the close to time period enabling it to proceed with an replace to the Mineral Useful resource Estimate (MRE) for Adina which at present sits at 59Mt at 1.12% Li2O, labeled within the Inferred class (seek advice from ASX Announcement 11 December 2023). This replace is anticipated to incorporate materials within the increased confidence Indicated class because of the nearer spacing of drill knowledge now accessible.
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