Winsome Resources Limited (ASX: WR1) ("the Company" or "Winsome Resources ") is pleased to report on its Quarterly activities for the period ending 31 March 2022.


Quarter Highlights

Exploration
  • Entered into exclusive option agreement to explore and acquire 669 claims in the highly prospective Decelles Region
  • Sourced drill rig, planned combined infill/extension drilling campaign at Cancet
  • Commenced 2,100m program in mid-March 2022 at Cancet
  • Commenced gravity survey at Cancet
  • Made contact with First Nations Cree people and discussed details of Winsome exploration at Cancet. Meeting planned for PDAC conference in June
  • Meeting with representatives of the Northern Quebec Regional Directorate for the Department of Energy and Natural Resources to discuss project details

Health and Safety

  • In excess of 3,500 hours worked on site at Cancet as part of the drilling and survey, with no lost time or safety incidents
  • All contractors and staff remained COVID safe throughout winter exploration activities

Corporate

  • Commenced trading on Frankfurt Exchange under code 4XJ
  • Application submitted to trade on New York’s OTCQB
  • Launched unmarketable parcel facility to reduce administrative costs associated with shareholdings of less than AU$500 in value
  • Attendance at Mines and Money& Battery Materials conference
  • Discussions held with potential strategic partners
  • Acquired new equipment and facilities including skidoo, company truck, base of operations in Rouyn-Noranda, Quebec
  • New office secured, located with corporate/IR advisors to reduce overhead costs and enhance synergies by working in the same location

EXPLORATION ACTIVITIES

Decelles Acquisition

Immediately after listing, Winsome formed a partnership with Glenn Greisbach, a Quebec regional geology specialist, to expand its land portfolio by discovering and acquiring new properties in Quebec with a high degree of lithium potential.

This led to Winsome entering into an exclusive option agreement in late January 2022 to acquire 669 claims, totalling 385km2, in the prospective Decelles region of Quebec, Canada. Decelles is located close to the mining centres of Val-dÓr and RouynNoranda, approximately 600km from Montreal. The Company signed an exclusive option agreement to explore and subsequently acquire the claims over a 24-month period.

By entering into this agreement, the Company can more than double its land holding in Quebec and explore a new area of the province known for granitic and pegmatitic outcrops, located close to infrastructure and the major mining centres immediately adjacent to recent lithium discoveries (see Figure 1).

Click here for the full ASX Release

This article includes content from Winsome Resources Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


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Winsome Resources

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