Fin Resources, an Australian company, is getting ready to commence field work at its approximately 138 km2 lithium projects in Canada. The field work will include ground-based mapping, geophysics, and rock and soil sampling. The company’s projects, known as the Mt Tremblant lithium projects, consist of two hard-rock lithium projects in the James Bay area (Ross and Cancet West), as well as the Gaspe project on the Gaspe Peninsula, which has potential for lithium-in-clay mineralization.
Tom Ridges, technical advisor to Fin Resources, stated that the company is collaborating with a geological consulting firm to develop prospectivity mapping and advance targeting for the upcoming field work program. The initial focus of the field trip will be on the Ross and Cancet West projects, which are pegmatite-hosted lithium projects. The Gaspe project, on the other hand, being a clay sediment-hosted lithium project, will require more time on the ground and a more intensive exploration program.
One of the distinguishing factors of these projects is the relatively limited exploration work conducted by previous companies, particularly at the Ross project. The Ross project is located to the east of Nemaska Lithium’s Whabouchi deposit and has shown anomalous lithium results in historical pegmatitic rock chip samples. High-resolution satellite imagery has also identified numerous potential Lithium-Caesium-Tantalum (LCT) pegmatite outcrops that warrant further investigation.
Ridges highlighted the favorable location of the Cancet West project, with neighboring activity by Winsome Resources and Patriot Battery Metals. While no exploration work has been conducted at Cancet West thus far, the company aims to verify and validate existing government-based data through mapping, rock chip sampling, and additional exploration activities.
Fin Resources boasts an experienced team, with Ridges bringing over 16 years of geological expertise and previous roles in notable mining companies. Technical Director Brian Talbot has 25 years of experience, including managing the Mt Cattlin lithium mine at Galaxy Resources, and Non-Executive Director Jason Bontempo contributes with 22 years of experience in public company management and corporate advisory.
Ridges expressed confidence in the company’s appeal to investors, noting its market capitalization of $9 million, strong enterprise value, and a healthy cash position. The expertise of the board members, particularly Talbot’s experience with successful lithium companies, adds significant value to Fin Resources’ operations.
Check out more latest Mining Industry News here!