Leading mineral exploration company Encounter Resources (ASX:ENR) reports it has uncovered a series of outcropping and sub-cropping pegmatites following initial field reconnaissance at its Junction Lithium Project in the Northern Territory.
The identified pegmatites are situated along the western margin of a large granite body extending over 4km of strike and have the potential to extend under shallow cover to the north.
It is reported that the presence of these pegmatites elevates the lithium (Li2O) potential of the project’s Crawford target.
Following this discovery, these outcropping pegmatites have been sampled for analysis, with assay results expected to be received in February 2023.
Speaking on the results, Encounter Resources’ Managing Director, Will Robinson says: “To date we have identified 2 lithium targets at Junction being Crawford and Nelson. Crawford has seen the initial focus as it is located at the intersection of two key regional structures in the North Arunta Pegmatite Province.
“To date we have identified 2 lithium targets at Junction being Crawford and Nelson”
Pleasingly, the first on-ground activities have already confirmed [a] series of pegmatites at this key structural target. Initial sampling assay results are due early 2023. A systematic soil sampling program is planned for early in 2023 ahead of drilling.”
The company also notes that the pegmatite trend is situated about 4km east of ASX-listed Core Lithium’s (ASX:CXO) Ringing Rocks Lithium Prospect, which hosts 2 large pegmatite bodies that contain rock chip assays up to 0.6% Li2O.
In addition, soil sampling activities have been planned for early 2023 in order to define targets ahead of drilling at the project tenement.
Encounter Resources is one of Australia’s leading mineral exploration companies that is listed on the ASX. Its primary focus is discovering major copper dominant deposits in Australia. The company’s Junction tenement is located in the North Arunta Pegmatite Province in the Northern Territory, which is an area that has been recognised by various companies including Core Lithium.
The project’s Crawford target at the tenement is defined by the intersection of 2 important Lithium-Caesium-Tantalum (LCT)-controlling structures, the Barrow Creek and Neutral Junction Fault Zones.
Other tenements owned by Encounter Resources include the Lamil Copper-Gold, Aileron Copper-Rare Earths and the Sandover Copper Projects in Western Australia and the Northern Territory.
Images: Encounter Resources Ltd
