Forrestania Resources (ASX:FRS) is conducting interpretation work and exploration planning to optimise future drilling within its namesake Forrestania Project in Western Australia.
In the company’s latest quarterly report, released on 31 October, Forrestania reiterated its plans to focus on areas of potential accumulation of pegmatite and lithium mineralisation at the South Iron Cap East prospect, as previously announced.
At the Calypso prospect, Forrestania is conducting targeting work to identify improved zones for follow-up exploration.
This news comes after drilling conducted in June confirmed that the pegmatites at Calypso host zones with mineralogy typical of lithium-caesium-tantalum (LCT) pegmatites, alongside evidence of fractionation.
Meanwhile, at the Giant prospect, assays from the September quarter demonstrated that the pegmatite in the area was of an ‘LCT-nature’, with pockets of high-grade mineralisation, but Forrestania is yet to uncover any zones of ‘substantial’ thickening here.
Further exploration targeting at Giant will involve refining the company’s geological understanding to uncover potential areas where the mineralised pegmatite could expand or intersect with broader mineralisation trends, including at depth where the ‘high-grade’ zone remains open.
At the company’s joint venture (JV) Hydra Lithium Project in Quebec, Canada, target generation is ongoing as, during the September quarter, planned activities were disrupted due to forest fires.
Following the removal of access restrictions, a brief reconnaissance program was conducted across the sub-projects by JV partner ALX Resources (TSXV:AL). Results from this program are currently pending.
ALX has now remobilised its lithium exploration crew to the Volta sub-project area, as announced last week.
The target generation activities over the sub-project areas will continue into this quarter.
Forrestania Resources is a gold, lithium, and nickel exploration company focused on its assets in the Eastern Goldfields of Western Australia and Canada.
As of 30 September 2023, the company had $802,000 cash and cash equivalents at hand, according to its latest quarterly report. Subsequent to the end of the quarter, Forrestania lodged a renounceable entitlement offer prospectus to raise up to $1.53 million.
Write to Aaliyah Rogan at Mining.com.au
Images: Forrestania Resources
