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Argonaut Resources NL
Summary
| Project: | Crescent Lake | |
|---|---|---|
| Deposit: | Falcon Lake West | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 9/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-9-2016: Argonaut Resources NL announces an Exploration/Drilling Update report for its Falcon Lake West deposit at the Crescent Lake project. Drilling results incl. 24.4m @ 1.48% Li2O from 10.9m. Argonaut Resources NL (ASX: ARE) (Argonaut or the Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lindsay Owler (Internal) | |
| ABSTRACT: | Argonaut Resources NL (ASX: ARE) (Argonaut or the Company) is pleased to announce drilling results from the Crescent Lake project in Ontario, Canada. Crescent Lake is located 250km NNE of Thunder Bay in Ontario, Canada (Figure 4). In July, Argonaut completed a six-hole program of diamond core drilling at the Falcon Lake West deposit. The program targeted two pegmatite units, one of which outcrops boldly. The Falcon Lake West deposit is one of four identified target areas featuring spodumene-bearing pegmatites in the eastern portion of the Crescent Lake project area (Figure 5). Argonaut has outlined regional target zones that warrant detailed exploration for undiscovered pegmatites. These zones are elongate, structurally controlled zones within and at the margins of the greenstone belt that the hosts the known spodumene pegmatites in the area. Argonaut will map these target zones with the aim of adding to the inventory of known lithium mineralisation at Crescent Lake. Contingent drilling to define pegmatite thicknesses and grades is intended to follow this mapping program. | |
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