Red Cross Lake MEL

Part of Targa’s Superior Project, the Red Cross Lake Mineral Exploration License was acquired from Kenorland Minerals in 2022 while in the application status. The MEL has since been granted and Targa is making plans for an exploration program at Red Cross in the summer of 2023. Red Cross is a historic lithium occurrence that was explored and drilled by TANCO in the 1980s primarily for tantalum, cesium and rubidium.

Historic work focused on a lithium-bearing pegmatite dyke swarm exposed on the northeast shore of Red Cross Lake. The dyke swarm consists of 17 parallel dykes within a 50m-wide corridor. Drilling conducted by Tanco in 1981 traced the swarm over a strike length of 500m, open to the east and west. The historic records note that grades and widths improved to the west. Five surface samples taken from the eastern dyke swarm in 1979 averaged 1.25% Li2O.

A sample from a spodumene-bearing dyke at the west end of the lake, more than 10km away from the eastern dyke swarm, return 2.97%Li2O. Targa management believes no follow up work was done on the western lithium showing as the historic focus was to identify tantalum resources and tantalum values were greater in the east. This presents a very attractive lithium exploration opportunity at Red Cross Lake, both around the western spodumene-dyke but also in the vicinity of the eastern dyke swarm.

With most historic work focused at the eastern dyke, little bedrock exposure and lithium identified over a strike length of more than 10km, The Red Cross Project has vast lithium exploration potential.