Forrestania Resources (ASX:FRS) is awaiting results from a recent mapping and fieldwork trip that will support it in finalising a 2024 maiden drilling program at its Breakaway Dam Project in Western Australia.
Chairman John Hannaford says a recently conducted heritage survey clears the path for the company to conduct its first drilling campaign across this ‘highly prospective’ area.
“This will be the first lithium-focused drilling in the Breakaway Dam area, where a 20km monzogranite/granite/greenstone contact has the potential for significant lithium-bearing pegmatites.
Our extensive ground position in this area and the lack of previously targeted lithium exploration underline the potential significance of a future discovery.
“Our extensive ground position in this area and the lack of previously targeted lithium exploration underline the potential significance of a future discovery”
Our team’s ongoing review of previous exploration data and results continues to enhance prospectivity and assist with planning the drill program, currently planned for 2024.”
Forrestania conducted a 4-day heritage survey over parts of E29/1037 with support from traditional owners the Nyalpa Pirniku Native Title Group.
Previous fieldwork at Breakaway Dam returned anomalous rock chips with up to 0.4% lithium oxide (Li2O) and up to 26.7% copper (Cu).
The Breakaway Dam Project is a ‘highly strategic’ part of Forrestania’s Eastern Goldfields Project, located north of Coolgardie and Kalgoorlie in Western Australia.
Forrestania Resources is a lithium, gold, and nickel explorer focused on its assets across Western Australia.
As of 30 September 2023, the company had $802,000 cash and cash equivalents at hand, according to its latest quarterly report. Post-quarter-end, Forrestania launched an entitlement offer to raise up to $1.53 million.
Write to Aaliyah Rogan at Mining.com.au
Images: Forrestania Resources
