Ann: Strong lithium mineralisation from first Adina assays, page-370

Three important key points below:

1. Alot more assays are due in the coming weeks
2. So far the company has seen the core visuals and are liking what they see with the spodumene observed
3. CANCET update due very soon

WINSOME RESOURCES (ASX:WR1)

WR1 was one of the hottest exploration stocks on the ASX late last year, gaining 305% – from 37c to $1.50 – between October 27 and December 8.

After a short dip over the Xmas period the explorer is now back at all-time highs, thanks to some impressive maiden assays from the flagship Adina lithium project in Quebec, Canada.

Hole AD-22-055 returned a monstrous 107.6m intercept grading 1.34%, which includes an “exceptionally high-grade” intersection of 2.21% Li2O over 30m.

Hard rock lithium mines usually grade between 0.8% and 1.5%.

More assays are expected to flow through over the coming weeks.

Meanwhile, WR1 has decided to significantly expand the current drilling program, from 5,000m to 20,000m.

“Having an average of 1.34% Li2O for over 100m of pegmatite from surface speaks of a world-class lithium project and paves the way for the much-expanded drill program we now have planned at Adina,” WR1 managing director Chris Evans says.

“It is also very encouraging for the other impressive pegmatite intersections and visual estimates from drilling of subsequent holes up until the Christmas break.

“We look forward to releasing these assays to the market as soon as they become available.”

A second drill rig is currently being mobilised to site to assist with the expanded drilling program, which will culminate in a maiden resource sometime in 2023.

The company also expects to provide an update very soon on its drilling campaign at the Cancet lithium project, which is running concurrently with the Adina campaign.