Four new high-priority areas at the Corvette Far East (CFE) Lithium Project highlighted by detailed satellite and hyperspectral analysis designed to detect lithium-bearing minerals.
Each of the new areas extends over a strike length of 2.5-3km and a width of 300-700m and contains several anomalies.
As a comparison, similar hyperspectral analysis was conducted over the CV5 lithium discovery by Patriot Battery Metals Inc. (ASX: PMT), where anomalies were highlighted over the areas of outcropping lithium pegmatites that are similar to those identified at Corvette Far East.
Several prominent ‘white patches’, characteristic of pegmatite/granite outcrops, have been identified following a review of high-resolution aerial orthoimage photography.
The ‘white patches’ are located on or close to all four priority target areas.
A high-resolution airborne magnetic survey has now been completed at CFE which has delineated several northeast-trending demagnetised features characteristic of pegmatite dykes at each of the four new high-priority target areas.
Cosmos remains well funded with $2.56 million in cash as of 30 June 2023.
Active exploration programs have been defining new rare earth and nickel-copper-PGE targets at the Byro Project in WA while access to the CFE Project is awaited pending the resolution of the current fire situation in Quebec.