Pinnacle Minerals (ASX:PIM) has made significant advancements in its exploration of the recently acquired Adina East Project, located in the fertile LaGrande belt of the James Bay region of Québec, announcing the successful completion of its initial on-ground reconnaissance exploration program.
Figure 1: Sample locations and pegmatite lithologies
Multiple Peraluminous Pegmatite Outcrops
Pinnacle has garnered an advantageous position in the prolific James Bay Region, through its acquisition of multiple prospective lithium tenements in close proximity to its flagship Adina East Project.
The Adina East Project encompasses 147 claims covering 72.7 square kilometres and is adjacent to an interpreted extension of the Trieste greenstone belt, and prolific lithium projects.
The Projects potential was reinforced through the results of satellite and radar analysis which identified numerous lithium targets over the project area.
The aim of the reconnaissance field program was to test these target areas, with reports Pinnacle successfully identified multiple instances of aluminous pegmatite outcrops and boulders at surface.
Figure 2: Pegmatite outcrop 160090007
Samples were taken of the identified peraluminous pegmatite outcrops, with XRF analysis currently being undertaken to determine the mineralogy and identify any presence of spodumene within. These results are anticipated to be received by Pinnacle in early December.
Additionally, 14 samples were sent to the laboratory for assays, with results expected in early January next year.
Pinnacle has outlined plans to follow up the initial ground reconnaissance exploration with further field mapping and sampling, to be carried out in the second quarter of 2024, with thorough traverses across the Project area.
Pinnacle Minerals Managing Director Nic Matich commented on the progress at the Project.
“The identification of fractionated pegmatite outcrops in the Adina East claims is a significant step forward in the Company’s Canadian exploration endeavours,” he said.
“These results, coupled with the lithium exploration success by our neighbours Winsome Resources, Loyal Lithium, and Rio Tinto in the Trieste Greenstone belt, further support the Company to return in early 2024 and expand upon the exploration conducted to date.”
“The time spent on site was limited by the onset of the Canadian winter and the bulk of the Project remains unexplored, providing substantial opportunity for the Company.”
PIM’s Australian Stock Exchange-listed share price is currently trading at $0.195 (9.25am UTC+ 8 hours).