Midas Minerals Limited (AU:MM1) has released an update.
Midas Minerals Limited has announced promising results from their initial channel sampling of the Argus pegmatite within the Aylmer project in Canada, revealing a 26-meter section averaging 1.27% lithium oxide, with certain intervals reaching up to 2.86% lithium oxide. This discovery underscores the project’s potential, particularly with the identification of 17 additional spodumene pegmatites, indicating significant greenfield potential for lithium extraction. The company’s technical team is optimistic about the high-grade nature of the mineralization and its implications for future mineral characteristics test work.
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