Cazaly Resources (ASX:CAZ) reports an initial surface sampling program will commence next week on a lithium target at the Kaoko Project, located in Namibia.
The company says recent data review highlighted the presence of a ‘large’ lithium in soil anomaly in the northeastern part of the project area stretching over 12km, and the anomaly is defined with broad surface samples collected across a 1km grid, and this sampling program is planned to infill the ‘highly’ anomalous areas to 200m by 50m spacing.
Grab samples and rock chips will also be collected to provide further information on the nature of the anomaly, which Cazaly reports is in excess of 100km-square.
“We are extremely pleased to have secured a team to follow up the lithium in soil anomaly at our Kaoko Project in Namibia”
Cazaly Managing Director Tara French said “We are extremely pleased to have secured a team to follow up the lithium in soil anomaly at our Kaoko Project in Namibia.
This is the next step towards determining the nature and distribution of the lithium and further advancing the project.”
Cazaly reports at this stage, the potential deposit style is considered to be sedimentary hosted, and explains sedimentary lithium deposits accumulate as lithium is transported into basins where it reacts with other minerals creating chemical bonds weaker than bonds found in spodumene (pegmatites) and stronger than the bonds found in brines.
The moderate strength of the lithium chemical bonds in sediments when compared to pegmatites provide the company with opportunities for ‘low-cost’ processing with no comminution circuit (crushing and grinding) with simple reagents.
Cazaly Resources is an Australian resources company with a diverse portfolio of mineral projects in Australian and Namibia including the Halls Creek, Ashburton, Vanrock Polymetallic, Yabby Gold, McKenzie Spring Nickel-Graphite, Mt Venn Gold and the Kaoko Project.
The Kaoko Project is located in northern Namibia around 800km by road from the capital of Windhoek and around 750km from the port of Walvis Bay.
Images: Cazaly Resources Limited
