One other gap (DDH PL-078-22) intersected 104.9 metres of pegmatite from 120.4 to 225.3 metres averaging 1.58% Li2O, and a second 33.5-metre pegmatite zone from 246.7 to 280.2 metres averaging 1.63% Li2O.
“We’re happy with the drilling outcomes from the 2022 drill program to this point, with the Spark deposit remaining open in all instructions,” VP exploration Garth Drever mentioned in a information launch. “The main target continues to be at depth and to the west the place the grade and thicknesses of the deposit stay strong.”
The preliminary goal of Section XII drill program, which started in Could and completed in October with 14,641 metres in 45 holes, was to transform inferred materials to the indicated class for the deliberate open pit, in preparation for a pre-feasibility research on the PAK lithium venture.
The latter half of this system, nevertheless, additionally included geotechnical drilling for floor management and pit design functions, in addition to step-out drilling to outline the japanese and western extents of the Spark pegmatite orebody.
When combining Section XI and Section XII delineation and infill drilling, Frontier has accomplished 15,984 metres of drilling in 50 holes on the Spark pegmatite this 12 months.
Spark represents considered one of two premium spodumene-bearing deposits delineated by Frontier on the PAK property, which is claimed to include considered one of North America’s highest-grade lithium sources.
Winner of the “2019 discovery of the 12 months” award, the Spark pegmatite has a present mineral useful resource estimate of 14.4 million tonnes averaging 1.40% Li2O within the indicated class and 18.1 million tonnes averaging 1.37% Li2O in inferred.
The smaller PAK deposit – situated 2.3 km away – provides one other 9.3 million tonnes of mineral useful resource averaging 2.06% Li2O within the measured indicated and inferred classes.
Exploration is constant on the PAK venture via two different spodumene-bearing discoveries: the Bolt pegmatite (situated between the PAK and Spark deposits), in addition to the Pennock pegmatite (25 km northwest of PAK deposit throughout the venture claims).
Shares of Frontier Lithium rose 2.0% by 11:45 a.m. ET Wednesday, buying and selling at C$2.06 every. The corporate has a market capitalization of C$458.8 million ($338m).
