Lithium explorer / developer Winsome Resources (ASX:WR1 ; “Winsome” or “the Company”) is happy to announce additional glorious outcomes from useful resource delineation drilling at its 100%-owned Adina Lithium Mission 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 Mission because the Firm progresses in the direction of a Mineral Useful resource Replace in the direction of the tip of H1 2024 and preliminary venture research in H2 2024.
- Assay outcomes from circa 4,700m of useful resource delineation drilling undertaken in This fall 2023 proceed to show 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 (Fundamental Zone) highlighting the potential for open pit mining with a low waste to ore strip ratio.
- Outcomes from the Fundamental Zone (MZ) embrace:
- 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
- Mission 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 purpose is to supply consistency for useful resource modelling and venture research and these intersections are actually per the earlier glorious outcomes at Adina. What is very encouraging is the mineralisation is oriented in a fashion prone to be beneficial to a low strip open pit operation, which I anticipate will show constructive in our improvement research later this yr.
The board and I’ve been by way of earlier lithium worth cycles in recent times and subsequently perceive the elements for a profitable, worthwhile venture, whatever the prevailing short-term commodity pricing setting. We anticipate the present venture research will show Adina is a strong venture which might be engaging to buyers and funding companions. We look ahead to sharing the outcomes of those research when they’re accomplished later this yr.”
Not too long ago obtained drilling outcomes are summarised in Desk 1 beneath 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 obtained 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 might be obtained 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, categorized within the Inferred class (discuss with ASX Announcement 11 December 2023). This replace is predicted to incorporate materials within the increased confidence Indicated class as a result of nearer spacing of drill information now out there.
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