Lithium, gold, and nickel explorer Forrestania Resources (ASX:FRS) has defined ‘highly anomalous’ lithium and LCT pathfinders following recently completed mapping and reconnaissance field trips at its Eastern Goldfields Project area in Western Australia.
The company, which has a $10.13 million market capitalisation, says results were generated from rock chips gathered from the newly acquired Breakaway Dam tenement and have returned multiple elevated lithium values alongside manganese/lithium (Mg/Li) ratios <30 and niobium/tantalum (Nb/Ta) ratios of <8.
Forrestania believes these results are indicative of a potentially ‘large-scale’, and ‘highly fertile’ lithium-caesium-tantalum (LCT) pegmatite province, which could be host to about 22km of previously untested granite/greenstone.
The company reports about 45% of samples gathered returned lithium oxide (Li2O) values up to 100 parts per million (ppm), while 13% returned Li2O values up to 300ppm.
Key results include sample FR000832 with 3,649ppm Li2O (includes 309ppm caesium (Cs); sample FR000853 with 2,896ppm Li2O (includes 64.7ppm Ta); and sample FR000805 with 1,040ppm Li2O (includes 66.8ppm Cs).
As a result, Forrestania will focus its exploration on the ‘significant’ lithium, copper, and gold potential at Breakaway Dam, as well as at the other recently acquired tenement, Alexandra Bore, in the coming months.
Further mapping trips and geochemical sampling is expected to be undertaken in the short term. Forrestania believes this work will define targets for a maiden drilling program. Results from Alexandra Bore are scheduled to be received in about 6-8 weeks.
These field trips were designed to further enhance the company’s geological understanding of the project areas, as well as further assess the potential for lithium mineralisation.
Speaking on the results, Forrestania Resources Managing Director Michael Anderson says: “Our maiden work programs in the Eastern Goldfields have proven very encouraging. The initial identification of multiple outcropping pegmatites has now been followed by these highly anomalous results, which demonstrate the obvious prospectivity of the tenements.
“The initial identification of multiple outcropping pegmatites has now been followed by these highly anomalous results”
We will continue our systematic mapping and sampling to identify priority targets, to be drilled as soon as possible.”
Forrestania Resources is an ASX-listed explorer searching for gold, lithium, and nickel across its portfolio in Western Australia and Canada.
The company’s Eastern Goldfields Project comprises the Southern Cross and Leonora gold projects, as well as the Outback option agreement. Eastern Goldfields is located north of the townships of Coolgardie and Kalgoorlie, and is within proximity to other gold mining districts such as Leonora and Menzies.
Write to Adam Drought at Mining.com.au
Images: Forrestania Resources Ltd