Loyal Lithium Limited has commenced the company’s exploration program at the Hidden Lake Lithium Project site in Yellowknife, Northwest Territories, Canada.
This follows the company’s acquisition of high-resolution satellite imagery which showed several unsampled pegmatites and confirmed the underexplored nature of the project.
The imagery identified a total of 315 new untested individual outcropping pegmatite targets, adding to the existing four spodumene rich dykes drilled in 2018 to a limited depth of 30 to 50 metres.
All drill holes intercepted high-grade spodumene of up to 1.81 per cent lithium oxide.
Image courtesy Loyal Lithium
The Hidden Lake Lithium Project will include both in-field and airborne activities, with a 3,300 metres drill program planned for the end of 2023.
Loyal Lithium Managing Director Adam Ritchie said with the program now underway, the company can immediately see the potential of this underexplored yet well-understood project.
Metallurgical test work completed at the project indicates consistency across spodumene rich dykes with very simple mineralogy of predominantly course grained spodumene, quartz and feldspars — all with low impurities.
“The impressive historical metallurgical results are clearly a product of the metasediment geological setting, with the simple minerology resulting in large spodumene crystals throughout the pegmatite ore,” said Ritchie.
Loyal Lithium announced the transformational acquisition of the advanced Hidden Lake Lithium Project in Yellowknife and formalised a Joint Venture arrangement with Patriot Battery Metals on 12 April 2023.
Yellowknife has a proud history of mining with well-established services and a workforce supporting several active mines — including Rio Tinto’s Diavik Diamond Mine and Vital Metals’ Nechalacho REE Mine.
In November 2022, Li-FT Power also acquired a portfolio of 14 spodumene pegmatites in Yellowknife — slightly north of the Hidden Lake Lithium Project site.
Li-FT Power recently announced drill results of 79 metres at 1.13 per cent lithium oxide and 39 metres at 1.43 per cent lithium oxide.
