Field mapping activities at Loyal Lithium’s Hidden Lake Lithium Project in Canada has resulted in the discovery of an additional six spodumene bearing pegmatite zones.
The team stationed at the Yellowknife Lithium Belt in the Northwest Territories have collected samples for urgent assay analysis to help identify high priority targets and inclusion for the company’s upcoming Canadian winter drill program.
The new Hidden Lake Lithium Project update combined with the recently announced pegmatite findings at the Trieste Lithium Project has further enhanced the strength of the company’s portfolio as Loyal Lithium currently has two potentially world-class spodumene assets in North America.
Loyal Lithium Managing Director Adam Ritchie said they anticipate that the discovery of additional spodumene bearing zones at Hidden Lake will significantly increase the interpreted 2.25 kilometres strike length of the previously known spodumene zones on the project, generating additional drilling targets and increasing the potential scale of this exciting project.
“Forest fires have been notable across Canada this summer and the fires near the Yellowknife region have now reached a critical level with an evacuation order issued. Our thoughts are with the Yellowknife and First Nation Communities as authorities, dedicated volunteers and essential personnel continue to fight this threat of fire on many fronts,” said Ritchie.
However, the company reports that the field program has been largely unaffected as Loyal Lithium managed to complete all planned field work prior to the Level 3 evacuation order of Yellowknife with all staff and contractors safely evacuated.
Field work, LiDAR and orthophoto airborne surveys have been completed at the Hidden Lake Lithium Project and a total of 270 outcrop samples and 33 channel samples were collected.
The assay results are expected in September 2023, along with a scheduled high-resolution aeromagnetic survey.
The results from the LiDAR and orthophoto surveys will assist in identifying additional pegmatite zones and provide insights into concealed extensions of known spodumene bearing dykes.
All images and survey interpretations are expected to be complete in October 2023.
An existing four spodumene bearing pegmatite dykes were drilled in Hidden Lake in 2018 to a limited depth of 30 to 50 metres with drill hole intercepts of up to 1.81 per cent lithium oxide.