Pinnacle Minerals Limited (ASX: PIM), a leader in mineral exploration and development, is excited to announce the successful completion of its first-pass ground reconnaissance program at the Lac Rug and Lac Bigniba Projects, located in the prolific Abitibi sub-province of Quebec, Canada.
This initial exploration phase has led to the identification and sampling of multiple pegmatite outcrops at the Lac Rug site. These samples have been submitted for detailed analysis to determine their mineralogy and lithium content, with results anticipated by early January 2024.
The Lac Rug and Lac Bigniba Projects represent a significant step forward in Pinnacle’s exploration portfolio. The discovery of pegmatite outcrops is particularly promising, as these geological formations are known for hosting lithium, a critical component in the burgeoning electric vehicle and renewable energy sectors.
Despite challenges posed by inclement weather, which limited field time, the reconnaissance program yielded encouraging results. To build on these findings, Pinnacle has planned a comprehensive field exploration program for the second quarter of 2024. This program will leverage advanced LIDAR imagery to identify and access further outcrops.
The reconnaissance work was meticulously executed by IOS Geosciences, a renowned Quebec-based geological consulting firm. Utilizing Sentinel Multispectral data and Synthetic Aperture Radar (SAR) data analysis, the team successfully mapped and sampled the area. Preliminary field assessments suggest the presence of peraluminous pegmatite, a key indicator for spodumene mineral emplacement, which is essential for lithium extraction.
Pinnacle Minerals Limited remains committed to advancing its exploration efforts and contributing to the sustainable extraction of critical minerals. The Company eagerly awaits the assay results, which will provide further insights into the potential of the Lac Rug and Lac Bigniba Projects.
For more details on the reconnaissance program and the initial findings, please refer to Appendix 1 included in this release.
Pinnacle Minerals Managing Director, Nic Matich, commented:
“The identification of peraluminous pegmatite outcrops at Lac Rug vindicates Pinnacles working theory that the major Chicobi deformation zone hosts potentially lithium enriched pegmatites such as those at Sayona (SYA:ASX) and Piedmont (PLL:ASX) North American Lithium Operations also in the Abitibi. Pinnacle has numerous leads with which to follow up in 2024 and is excited about the prospects for the Company’s Abitibi Lithium Projects."
Pinnacle Minerals Ltd (ASX: PIM) is an ASX listed technology minerals company focused on delivering shareholder value via the systematic exploration and development of its portfolio of battery and technology metals projects in Canada, Western Australia and South Australia. Pinnacle aims to deliver exploration success via systematic and geologically rigorous techniques. The Company’s focus is the “Adina East Project” in James Bay, Quebec which is proximal to the world class Adina Lithium Project (Winsome Resources: WR1.ASX) and adjacent to the Trieste Lithium Project (Loyal Lithium: LLI.ASX) and the Tilly Lithium Project (WR1.ASX). The Company’s Australian exploration assets are prospective for Rare Earth Elements, Mineral Sands and Kaolin.