ASX-listed EverGreen Lithium (ASX:EG1) has identified ‘large-scale’ lithium pegmatite targets from a geochemical program at the Bynoe Project in the Northern Territory, Australia.
Soil samples from the area displayed ‘significant’ northeast-trending lithium anomalism up to several kilometres long. The company says the anomalies include geochemical pathfinder elements such as beryllium, caesium, potassium, lanthanum, rubidium, tin, and tantalum.
EverGreen is now conducting more geochemical sampling and mapping to further define the existing and additional lithium pegmatite targets.
Commenting on this discovery, EverGreen Lithium Head of Exploration Jason Ward says: “These recent results add to the geochemical picture at Bynoe and indicate several very large zones of lithium anomalism.
The lithium anomalies are supported by the pathfinder elements which are commonly associated with the surface expression of lithium-bearing LCT pegmatites below.
The lithium anomalies are supported by the pathfinder elements which are commonly associated with the surface expression of lithium-bearing LCT pegmatites below
We will use this data, together with the results of our recently conducted Fleet Exosphere ANT (ambient noise tomography) study, which we are currently analysing, to define drill targets.”
The company says the wet season affecting the Bynoe Project has now concluded, and EverGreen is moving on to its next phase of activities, which includes the mobilisation of the fieldwork team to the site, alongside technical review and structural analysis, which are currently underway.
The company plans to report these results in the ‘very near’ future.
The Bynoe Project is located contiguous to Core Lithium’s (ASX:CXO) Finniss Project, which contains an estimated Mineral Resource of 30.6 million tonnes @ 1.31% Li2O.
EverGreen Lithium is an exploration company focused on its wholly owned prospective lithium spodumene projects in Australia. The company’s flagship Bynoe Lithium Project comprises a 231km-square in the Northern Territory.
Images: Evergreen Lithium Ltd