Much to unfold in due course with the following exploration activity now unfolding.
A series of new drilling and exploration programs have been launched, testing Critical Minerals and gold targets across three key project areas. These projects all lie along strike from major deposits in world-class mineral provinces in Western Australia and the Northern Territory
Metals Australia Ltd (“Metals Australia”, or “the Company”) continues to advance its flagship high-grade flake-graphite development project in the Tier 1 mining district of Quebec, Canada.
EXPLORATION PROGRAM UNDERWAY AT CORVETTE RIVER LITHIUM, GOLD, COPPER & SILVER PROJECT IN QUEBEC
The primary objectives of the program are to investigate identified target locations through field mapping of structures and outcrops, extensive excavator trenching and channel sampling to finalise planning positions and the priority of follow-on drill targets in the following project locations:
▪ Felicie Project – Field map, trench and sample structures and outcrops associated with previous rock chip sampling that included grades of up to 4.16 g/t Au, 44.1 g/t Ag and 0.23% Cu3 from a zone of 180m strike-length open in all direction.
▪ East Eade – Extensive investigation of an approximately 300m wide complex fold-closure, which included previous assays of up to 29.7 g/t Au and 12 g/t Au3 See photographs of East Eade below. ▪ West Eade – Further investigate areas around historical sample sites with assays of up to 11.45g/t Au3 and more recent rock chip sampling results including 3.37 g/t Au over 3m3.
▪ Lithium Targets – Follow up on Lithium bearing pegmatite targets that have been previously reported, including CR1 (mapped over 1.6 km4) at Felicie and CS15 at West Eade
No doubt the share price will respond with a substantial lift on the release of positive results. They are in the right space.
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