Pegmatite has reportedly been previously intersected at the O’Connor Lake project currently operated by Slave Lake Zinc (CSE: SLZ). The firm this morning indicated that in reviewing historical drill logs from the property, its been identified that 13 historic drill holes intersected pegmatites and pegmatite granites.
The discovery is a follow-on to the news last Tuesday that the firms flagship property is known to host pegmatites that are said to have the potential to be lithium bearing.
The historic intercepts were conducted by Yellowknife Mines in 1951 at what is known as the MCO targets, found on the western side of the property. The results highlight that the pegmatites were intersected over intervals that ranged from less than one meter to over 10 metres within the drill section. Exploration at the time was focused on discovering zinc-lead-copper mineralization, and as a result the core was not analyzed for lithium mineralization.
The drilling occurred seven kilometres west of the Shaft Zone deposit, with drilling said to not exceed depths of 90 metres. Slave Lake as a result has said that this area represents a new area in which to focus exploration using prior data for target drilling. The company intends to target historical intercepts of zinc-lead mineralization as well as the pegmatites.
“It can not be overstated how the historic data has enhanced our ability to advance this project in comparison to our peers. Lithium exploration will be substantially advanced with the recognition of pegmatites within the historic drilling. With the historic data now at hand, Slave Lake can better focus our exploration efforts and define drill targets more efficiently. Our focus initially was the high-grade zinc-lead+/- copper mineralization, but we can now add lithium as a target metal at our O’Connor Lake critical metals exploration project,” commented Slave Lake Zinc CEO Ritch Wigham.
Slave Lake Zinc last traded at $0.10 on the CSE.
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