Canada-focused Metals Australia has received all the required permitting approvals for a new drilling and trenching programme at Corvette River, in Quebec.
The programme, which will include 10 diamond drillholes for up to 4 750 m and about 16 trenches, will test high-grade gold and silver targets, as well as priority lithium-bearing pegmatite targets.
“In addition to the highly-prospective lithium pegmatite targets we have identified, analogous to Patriot Battery Metals’ world-class Corvette Trend lithium deposits, we have also identified multiple new high-grade gold and silver target zones based on our geological team’s extensive re-interpretation of previous rockchip sampling results and magnetics.
“Significantly, these high-grade targets are located along Quebec’s highly-endowed Lac Guyer greenstone belt which, apart from the Corvette lithium discovery, also hosts many significant gold and silver deposits including Newmont’s 215 000 oz/y Eleonore gold mine,” said Metals Australia CEO Paul Ferguson.
With permitting now in place, Metals Australia is in the final stages of operational planning, budgeting and contracting with contractor Magnor Exploration to start the drilling and trenching programme as soon as possible.