FURTHER LITHIUM TARGETS IDENTIFIED AT PILGANGOORA
- Further lithium targets identified at the company’s 100% owned Pilgangoora North project, within the world-class Pilgangoora lithium district in the Pilbara Region of Western Australia (WA).
- Recent field work, including rock chip sampling and reconnaissance geological mapping of pegmatites within the PN1 and portions of the PN 2 target areas, has located several pegmatites hosting anomalous lithium values associated with muscovite and, one pegmatite hosting anomalous lithium niobium and tin values, also associated with muscovite.
- The field work at the PN 1 and portions of the PN 2 target areas has also confirmed the Motherin Monzogranite has geochemical signatures indicating the granite maybe the source of lithium bearing pegmatites and, hence, additional field work to assess the larger pegmatitesfor lithium mineralisation is warranted.
- Based on recent and previous field work, two areas have been identified that warrant further work to locate pegmatites with potential to host economically significant lithium mineralisation.
- PN2 comprises an area some 3 km in strike length within greenstones along the southern and western contacts of the Motherin Monzogranite and;
- PN3, comprises an area some 5 km in strike length within greenstones along the northwestern contact of Motherin Monzogranite (Figure 4).
- Exploration planning is in progress to follow up these target areas with additional reconnaissance mapping and rock chip sampling of pegmatites and, if warranted, drill testing.
The Pilgangoora Project is located some 9 km north of the world class Pilgangoora group of lithium deposits currently being developed by Pilbara Minerals Limited (ASX:PLS; Pilbara Minerals) and Altura Mining Limited (ASX:AJM, Altura Mining).
The Pilgangoora North project was acquired from Fortescue Metals Group (ASX:FMG), a shareholder of Metalicity. Preliminary mapping, satellite imagery interpretation and rock ship sampling defined a series of pegmatites over a 10 km trend. The recent reconnaissance mapping and rock chip sampling, combined with the earlier rock chip sampling results, has identified priority target areas for further work.
Metalicity Managing Director Matt Gauci said:
“The exploration program has confirmed the likely source granite for many of the pegmatites with rare-element geochemical signatures present within the Pilgangoora North tenements and has provided additional information which supports the two priority target areas (PN 2 and PN 3) in which to focus further exploration activity for lithium bearing pegmatites”
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