CRR - Critical Resources Ltd is the Newest #Lithium Player in #ASX with the acquisition news of Mavis Lake Lithium Project(100%) in Canada Yesterday.
2 Drilling Programs Completed in 2017 & 2018 ALL HOLES intersected spodumene-bearing pegmatites of significant thickness.
Mavis Lake Lithium Project
2017 Drill Program - 4 Holes Standout intersection: MF17-49: 26.30m @1.70% Li2O fr 111.9m incl 7.70m @2.97% Li2O fr 130.5m MF17-39: 17.90m @1.47% Li2O from 80.00m MF17-40: 12.85m @1.16% Li2O from 80.05m MF17-50: 15.20m @1.56% Li2O from 75.55m
2018 Drill Program - 6 Holes Standout Intersection : MF18-53: 55.25m @1.04% Li2O from 80.75m MF18-58: 28.95m at 1.14% Li2O from 116.8m MF18-51: 23.30m at 1.09% Li2O from 76.8m MF18-54: 18.20m at 1.27% Li2O from 94.8m MF18-54: 6.10m at 2.33% Li2O from 139.25m MF18-55: 12.35m at 1.41% Li2O from 135.10m
In addition to that CRR has Halls Peak Zn/Pb/Ag/Au/Cu project in NSW with drilling to scheduled to start this quarter with drilling contractor already appointed. Previous 2016 Drilling intersected Fantastic #Zinc Grades including 43m @ 5.06%Zn 47m @ 3.91%Zn 102m @ 4.40%Zn 45m @ 2.91%Zn 33m @ 6.66% Zn 99m @ 3.59 Zn
Plus another #Copper Asset in Oman with JORC 0.82Mt @3.4% Cu
Approx $42M MC Post Raise & approx $5M Cash in hand with CR is done by 62Capital.
With NSW drilling campaign this Quarter and possibly Mavis Lake drilling early next year CRR will have continuous newsflow over the next 6 months and IMO fantastic value at these levels.
All IMO & As Always Please DYOR
CRR Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
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