Canada invests $70m in Seymour Lake lithium project in Ontario
The lithium mine operated by Australia's Green Technology Metals could become the province's first lithium producer.
Wolfden Resources, headquartered in Thunder Bay, Ont., has the results of diamond drilling at its 100% owned Orvan Brook property near Bathurst. The property is only 15 km from the active Caribou zinc-lead mine.
A longitudinal section of the Orvan Brook deposit. (Image: Wolfden Resources)
The company drilled 10 holes – four on the West lens and six on the East lens – for a total 0f 2,649 metres late last year. The best results came from the West lens, including 4.40 metres grading 7.18% zinc, 2.78% lead, 0.10% copper, 68.40 g/t silver and 0.76 g/t gold (12.14% zinc equivalent) and 3.25 metres grading 6.76% zinc, 3.19% lead, 0.11% copper, 76.30 g/t silver and 0.55 g/t gold (11.94% zinc equivalent).
The widths and grades Wolfden has drilled are similar to the nearby Caribou mine, said the company in a news release.
The Orvan Brook deposit was discovered in 1938 and is part of the company’s Tetagouche property. The deposit has historical resources of 2.7 million tonnes grading 0.59% zinc, 1.7% lead, 0.40% copper, 72.0 g/t silver, and 1.0 g/t gold.
This story first appeared in the Canadian Mining Journal.
