WR1 1.89% 54.0¢ winsome resources limited

Ann: Trading Halt, page-80

  1. 281 Posts.
    lightbulb Created with Sketch. 5
    • Fin Resources secures approval for up to 5,000m of drilling at the White Bear lithium prospect
    • White Bear features high-grade Li2O samples, low K/Rb ratios and elevated caesium
    • Fully funded initial drilling totalling ~1,500m to start in mid-April

    Special Report: Fin Resources has received the green light to start maiden drilling at the highly prospective White Bear lithium discovery within its Cancet West project in Quebec, Canada.

    The ~80km2 Cancet West project is 45km from Winsome Resources’ (WR1:ASX) Cancet project and 100km from Patriot Battery Metals’ (PMT:ASX) huge Corvette lithium deposits.

    Exploration carried out by Fin Resources (ASX:FIN) in October 2023 led to the discovery of White Bear with sampling returning both high grades of Li2O and pathfinder elements, along with low potassium-to-rubidium (K/Rb) ratios and elevated caesium (Cs).

    Low K/Rb ratios are of special interest to lithium explorers as they point to the potential for highly fractionated lithium-bearing pegmatites.

    Since the initial discovery, assaying of channel sampled outcrops has continued to prove the presence of lithium, returning results such as 1m @ 2.39% Li2O, 1m @ 2.16% Li2O and 1m @ 1.23% Li2O.

    Historical exploration data has also identified a number of outcrops with pegmatitic material mapped by the Ministry of Natural Resources and Forestry Quebec that include very coarse-grained pegmatites and an occurrence of beryl.

    No exploration has occurred on the majority of the interpreted pegmatite trends, which appear to be associated with the ~10-15km strike length of the Archean-aged Lac Guyer greenstone belt that hosts the Cancet and Corvette deposits.

    Fullscreen button
    Lithium hunter Fin is about to drill White Bear, a high grade target down the road from some massive deposits

 
watchlist Created with Sketch. Add WR1 (ASX) to my watchlist
(20min delay)
Last
54.0¢
Change
0.010(1.89%)
Mkt cap ! $114.6M
Open High Low Value Volume
53.5¢ 54.0¢ 53.5¢ $1.982K 3.704K

Buyers (Bids)

No. Vol. Price($)
4 27496 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
54.0¢ 13214 3
View Market Depth
Last trade - 10.19am 13/09/2024 (20 minute delay) ?
WR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.