Fin Resources Prepares for Breakthrough Drilling Programme at White Bear, Canada

Fin Resources Limited (ASX: FIN) is gearing up for what could be a transformative milestone with the approval of 5,000m of diamond drilling at the White Bear Lithium Discovery within the Cancet West Project in Quebec, Canada.

The upcoming drilling initiative is strategically designed to evaluate a significant coarse spodumene-bearing lithium mineralized zone, spanning 300m in strike length and 100m in width across five prominent pegmatite outcrops at White Bear.

Initial rock chip samples extracted from the discovery outcrop have yielded good results, with lithium oxide (Li2O) grades of 6.50% and 6.85%, indicating the substantial potential of the site.

Scheduled to commence in mid-April 2024, the maiden drilling program at White Bear marks a pivotal moment for the company, with funding secured for an initial phase of 1,500m.

Moreover, the interpreted pegmatite trends at Cancet West exhibit intriguing correlations with the extensive ~10-15km strike length of the Archean-aged Lac Guyer greenstone belt.

Potential correlation

This is host to notable mineral deposits such as Winsome Resources’ (ASX: WR1) Cancet prospect and $500m-capped Patriot Battery Metals’ (ASX: PMT) Corvette deposit.

In addition to its lithium prospects, Fin Resources is also exploring the exciting potential for uranium mineralization across its Ross Project and at the Gaspe site.

Historic uranium concentrations

Drawing from historical data dating back to 2007, soil sampling conducted by Landmark Minerals Inc. within the Rupert River Uranium Project, which overlaps with FIN’s Ross Project, revealed significant uranium concentrations, with soil samples containing up to 1,260 ppm U (1,486 ppm U308).

Building upon this historical groundwork, recent findings by Fin Resources have identified anomalous pathfinder elements, including Total Rare Earth Oxides (TREO) and Thorium (Th) levels, within pegmatite samples, specifically 138203, 138204, and 138227.

These findings suggest the presence of U-Th-REE bearing pegmatites, which can exhibit geochemical similarities with Lithium-Caesium-Tantalum (LCT) pegmatites.

As Fin Resources embarks on its maiden drilling program at White Bear and expands its exploration efforts across multiple commodities, the company is looking to unlock value from its promising prospects.

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