Afternoon trading May 17, page-50

From Stock head

Critical Resources’ 23.1m spodumene hit is its widest to date at Mavis Lake

Drilling of another four drill holes returned an intersection of 23.1m at 32% spodumene in drill hole MF22-72 (hole 13), which is a step out hole targeting the Pegmatite-6 zone of mineralisation.

To date, MF22-72 is the thickest and most mineralised zone within pegmatite-6 with 23.1m of spodumene-bearing pegmatite intersected.

The pegmatite hosts several metre-scale intervals of visually high, up to 60%, white silvery green, fine to medium spodumene laths, and hosts approximately 32% spodumene mineralisation throughout.

Exploration works begin on 28 new targets

Due to the success of the inaugural 5,000m drill program, exploration works on 28 new targets are now underway, including 11 high priority targets.

Other drilling highlights include hole 12 which returned 8.75m of around 27% white grey to silvery green, fine to large spodumene laths hosted from 110.5 to 119.25m of pegmatite.

A total of 12 out of 13 holes intersected spodumene-bearing mineralisation and now work is underway to extend drilling to roughly a 10,000m program.

Critical Resources (ASX:CRR) says samples and core from completed holes have been sent for analysis and are expected shortly.

Working towards a JORC resource

CRR managing director Alex Biggs said hole 13 represents the widest intersection the company has seen so far in its drilling campaign.

“The fact that this intersection is at depth, further along strike and importantly a step out hole is significant for the project and very exciting,” he said.

“The high-grade visual estimates are particularly intriguing and we’re seeing the fundamentals of Mavis Lake improving all the time.