Winsome announces Mineral Resource Estimate for Quebec lithium project

Highlights:

• Maiden Inferred MRE of 59Mt at 1.12% Li₂O declared at Adina.
• Adina Lithium Deposit is comprised of two adjacent large spodumene-bearing pegmatite zones with potential to be developed as one large mining operation.
• Resource is based on 27 600 m of drilling at an approximate spacing of 100 m x 100 m.
• Adina has 5 drill rigs now operating with over 25 000 m of additional infill and extensional drilling awaiting assay, targeting a MRE upgrade in 1H24.
• Well-funded to undertake over 50 000 m of infill and step out drilling in 2024 at Adina.
• Initial project development studies are ongoing, including environmental and infrastructure studies.

Winsome’s Managing Director Chris Evans said:

“Today’s announcement of our maiden MRE marks a significant milestone for the Adina Lithium Project and is an historic moment for Winsome Resources.

Just over a year ago, our first sampling expedition began at Adina, and it is a remarkable achievement by our exploration team to have since declared one of the largest hard rock MREs in North America.

We are excited at the prospect of updating this resource again in the first half of 2024, with assays to be received from over 25 000 m of drilling to be completed prior to year-end.

Winsome is one of very few lithium developers around the world with a large high-quality resource in a Tier 1 mining jurisdiction, which can integrate directly into the North American electric vehicle supply chain. Today’s MRE could not have been achieved without the support of our experienced team, known for their past successes in developing, financing, and building hard rock lithium mining operations, as well as from the collaboration of local Cree communities.

I look forward to updating our shareholders, and the local Eeyou Istchee James Bay communities, Quebec, and Canadian stakeholders who will benefit from the development of this project, as we venture into 2024.”

Read the article online at: https://www.globalminingreview.com/mining/12122023/winsome-announces-mineral-resource-estimate-for-quebec-lithium-project/