- Pure Resources (PR1) observes multiple outcropping pegmatites at its Laforge project in Quebec
- Initial observations from an aerial reconnaissance, mapping and sampling program noted spodumene and pyrite mineralisation prospective for lithium and gold
- Samples were collected from outcropping areas ahead of extreme weather conditions, resulting in the team sampling less than five per cent of the total landholding accessible
- Pure’s Executive Chairman Patric Glovac says the early observations have “further enhanced” the prospectivity of the project, with investigation set to continue
- Shares in PR1 last traded at 28.5 cents on January 4
Pure Resources (PR1) has observed multiple outcropping pegmatites at its Laforge project in Quebec.
The company engaged geological consultants to undertaken an aerial reconnaissance, mapping and sampling program as part of the first round of geological fieldwork across the green-fields project.
This work was completed ahead of “seasonal extreme weather conditions,” which saw the team sample as many areas of outcrop as possible, where snow had been windswept.
Despite less than five per cent of Pure’s 270 square kilometre landholding being accessible, the team managed to collect 240 rock samples.
While assays are pending, preliminary field observations noted the presence of spodumene and pyrite mineralisation prospective for lithium and gold mineralisation.
Pure’s Executive Chairman Patric Glovac said the early observations have “further enhanced” the prospectivety of the project.
“Whilst greenfields in nature, the Laforge Project is situated in the same geological province and exhibits analogous rock types, structural setting and geophysical properties as observed at the Corvette Lithium Trend 65 kilometres to the southwest.
“We maintain the belief that the Laforge Lithium project represents a genuine opportunity to discover a significant lithium deposit in a Tier-1 jurisdiction,” Mr Glovac said.
Further investigation is ongoing and assays to fully evaluate the extent and tenor of
possible lithium mineralisation are expected in eight weeks.
Shares in PR1 last traded at 28.5 cents on January 4.