Slave Lake Zinc (CSE: SLZ) has revealed that its flagship O’Connor Lake property in the Northwest Territories is host to pegmatites, which may have the potential to host spodumene mineralization.
The pegmatites are said to occur primarily as dykes on the property, as well as masses in intrusive granitic environments. To date, exploration has not focused on the pegmatites as a result of the zinc and copper found to date on the property. Pegmatites have been known to occur on the property since at least 1954, when they were included within a technical report for the property.
With a detailed exploration program currently underway, the company intends to evaluate the potential of the pegmatites for lithium content, as well as for base-metal vein systems which are believed to be of magmatic-hydrothermal origin. The current exploration program is slated to include geological mapping and sampling, ground geophysics, and drilling of select targets.
READ: Slave Lake Zinc Obtains Historic Geologic Database For O’Connor Project
“We believe that Canada’s need for critical metals is designated as a priority that will continue to grow. Demand for critical minerals like zinc, lithium and copper, for which Slave Lake is exploring, will only continue to expand. The potential for these critical metals on our property is considered high and bodes well for the exploration potential at the O’Connor Lake property. Slave Lake will continue to build on its database to develop all exploration opportunities. For the first time Lithium will now be explored for in the South Slave region,” commented CEO Ritch Wigham.
Slave Lake Zinc last traded at $0.12 on the CSE.
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