Forrestania Resources (ASX:FRS) is preparing for another bout of drilling at the South Iron Cap East prospect within its flagship namesake lithium project in Western Australia.
The $6.58 million market capitalisation company says the drilling will test for extensions to the mineralisation in the area and is designed to help the company gain further insight into the geometry of the ‘highly prospective’ pegmatite system.
The outcome of the upcoming drilling program will inform the planning of further drilling and exploration activities.
This announcement comes after assays were returned from Forrestania’s latest drilling program that confirmed shallow spodumene-bearing mineralisation within an intercept at South Iron Cap East.
Forrestania reports this result comes from drillhole FSIR0010 with 5m @ 0.55% Li2O from 41m, including 2m @ 0.95% Li2O from 43m.
The company says the result bears ‘significance’ by confirming the extension of mineralised pegmatites into Forrestania’s tenure. It also validates the company’s exploration strategy of systematic geochemical sampling for pinpointing spodumene-bearing pegmatites.
Meanwhile, further ‘high-grade’ hits at the Giant pegmatite include FGIR0006 with 9m @ 0.95% Li2O from 114m, including 3m @ 2.23% Li2O from 118m.
Commenting on the recent assays, Forrestania Resources Managing Director Michael Anderson says: “Our systematic exploration at Forrestania continues to deliver positive results.
“We are encouraged not only by the intersections of spodumene, but also the lithium grades at Giant, and now South Iron Cap East.“
We are encouraged not only by the intersections of spodumene, but also the lithium grades at Giant, and now South Iron Cap East. This all demonstrates the potential for these pegmatite systems to host ore grade mineralisation.”
The company says it has received all relevant approvals for its follow-up drilling work, which is due to commence ‘imminently’ at South Iron Cap East.
Forrestania Resources is an exploration company focused on searching for lithium, gold, and nickel across Western Australia. Additionally, the company explores for lithium in the James Bay region of Quebec, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Forrestania Resources