Mining
Wednesday, December 20th, 2023 9:03 pm EDT
Key Points
Expansion of Wenasaga North Zone:
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- The Wenasaga North zone, initially spanning one kilometer, has expanded by over 50% to reach 1.5 kilometers.
- Lithium oxide assay results of up to 4.54% highlight the project’s potential.
- This expansion covers only 1% of the vast 20,623-hectare Ear Falls project, emphasizing substantial exploration opportunities ahead.
Successful Exploration Program:
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- Beyond Lithium conducted a three-month exploration program involving prospecting, stripping, channel sampling, and drilling.
- Channel sampling revealed a stacked and zoned pegmatite system, providing opportunities for additional discoveries.
- The drilling program, with seven holes totaling 329.59 meters, intercepted spodumene-bearing pegmatites at depth, demonstrating good strike and dip continuities.
Sandy Creek West Zone Discovery:
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- Sandy Creek West zone, discovered along a 13-kilometer corridor, features a 100-meter-wide ridge with high-grade pegmatites.
- Grab samples from this zone assayed over 0.1% Li2O, with the potential for even higher concentrations.
- The discovery establishes a 13-kilometer lithium mineralization strike length towards the southwest of the property.
Beyond Lithium, a prominent player in lithium exploration in Ontario, reported significant discoveries at the Ear Falls project yesterday. The Wenasaga North zone, initially spanning one kilometer, has expanded by over 50%, reaching 1.5 kilometers. Lithium oxide assay results of up to 4.54% underscore the project’s potential.
The company’s three-month exploration program included prospecting, stripping, channel sampling, and drilling. The channel sampling program revealed a stacked and zoned pegmatite system, offering opportunities for additional discoveries. The drilling program, comprising seven holes, intercepted spodumene-bearing pegmatites at depth, demonstrating good strike and dip continuities. The Sandy Creek West zone, discovered along a 13-kilometer corridor, showcased a 100-meter-wide ridge with high-grade pegmatites. Beyond Lithium’s unique position and strategic discoveries position it as a key player in Canada’s lithium market. The company expects to receive drilling assays in January and plans an extensive drilling program pending permits so make sure to stay tuned.
Beyond is making some incredible waves. The significant expansion of the Wenasaga North zone, revealing promising lithium oxide (Li2O) assay results of up to 4.54% are quite remarkable. This expansion only accounts for 1% of the Ear Falls project’s vast 20,623-hectare size, emphasizing the substantial exploration opportunities that lie ahead.
Lawrence Tsang, Vice-President of Exploration at Beyond, highlighted the success of the channel sampling program, providing valuable geological data for planning future exploration. The pegmatites at Ear Falls are proving to be a stacked and zoned system, opening avenues for discovering additional spodumene-bearing pegmatites by drilling deeper holes and further exploration.
The recent drilling program, comprising seven drill holes totaling 329.59 meters, yielded promising results. Pegmatites with spodumene-bearing mineralization were intercepted at depth, reinforcing the potential for additional discoveries. Graeme Evans, Senior Adviser to Beyond Lithium, expressed optimism for the upcoming 2024 season, anticipating higher grades and widths in this extensive lithium system.
Beyond Lithium’s exploration extends beyond the Wenasaga North zone. The Sandy Creek West zone, discovered along a 13-kilometer exploration corridor, showcases a 100-meter-wide ridge with numerous pegmatite outcrops. Grab samples from this zone assayed over 0.1% Li2O, with the potential for even higher concentrations. This discovery further establishes the 13-kilometer lithium mineralization strike length towards the southwest of the property.
Beyond Lithium’s progress in 2023 underscores its commitment in advancing lithium exploration and contributing to the growing demand for this critical component in the electric vehicle and energy storage industries. 2024 could prove to be a very exciting year for the company and I highly encourage everyone to keep CSE:BY and US:BYDMF on watch right now.
…and for everyone looking at $BY for the first time…this isn’t their first rodeo. Allan Frame and Victor Cantore (Amex Exploration Inc.) have done this time and time again. They’ve been a part of incredibly succesful companies in the past, both on the management team and as an investor, but this is the first time they’re working together and so far, things are going very well. Their plan is simple: with 18 projects in their pipeline, their goal is to drive substantial value to shareholders by joint-venturing a number of their non-core assets – gaining positions and cash in difference companies and using that to focus on their flagship assets.
For the link to the original news release from Beyond Lithium published on December 19th, please click here: https://beyondlithium.ca/beyond-lithiums-exploration-results-at-ear-falls-confirm-spodumene-project-potential
