“The program also extended the Spark pegmatite 200 metres to the west. Although width and lithium values were low, based on existing drill intercepts to the east, we expect the pegmatite to increase in both grade and width with depth.”
Mitsubishi deal forming
The winter drilling at Spark, came almost two months after Frontier closed a deal with Mitsubishi, first announced in March, that gives the Japanese company a 7.5% interest in the PAK lithium project for C$25 million. Mitsubishi can increase its interest in the JV to 25% after Frontier completes a definitive feasibility study for PAK, expected next year.
The geotechnical holes were drilled to test pit-wall stability and hydrogeological conditions, Frontier said.
The drilling at Spark was in addition to geotechnical drilling during February and March on possible infrastructure sites such as stockpiles, tailing management, a mill and other related facilities.
PAK has a…
