Trinex Minerals reported final assay results from its Halo-Yuri Lithium Project in the Northwest Territories, Canada.
The results confirm additional high-grade lithium mineralisation across multiple prospects. The recent assays highlight the lithium mineralisation at the OIG prospect.
Utilising potassium/rubidium ratio values from these assays has identified areas for further mapping and sampling, pinpointing additional mineralised corridors within the project area.
A standout sample returned a high-grade value of 4.1% Li2O, with an average of over 2% across mineralised samples.
Will Dix, managing director of Trinex Minerals, commented, "The return of the final batch of assays from Halo-Yuri has confirmed the outstanding potential of this project, with widespread high-grade lithium mineralisation across the northern part of the tenure."
"The identification of multiple targets gives us confidence that we have the potential to host a significant lithium resource at Halo-Yuri, with a strong pipeline of immediate walk-up drill targets identified," Dix added.
The company is progressing with the preparation of a land use permit application, set to be submitted to the MacKenzie Valley Land and Water Board in September. The permit, once approved, will be valid for five years.
The application will focus on the OIG, Kick, Amber, and Jagged prospects, all of which have confirmed walk-up drilling targets.
Trinex Minerals is actively engaging with indigenous stakeholders in the region to further their exploration efforts.
The company remains optimistic about unlocking the full potential of the Halo-Yuri Project, which continues to show indicators for substantial lithium resources.
At the time of reporting, Trinex Minerals’ share price was $0.0025.