Global Lithium Resources (ASX: GL1) has reported ‘shallow, high grade’ gold assays from its Q4 RC drilling program at the Twin Veins gold prospect within its Marble Bar Lithium Project, with results demonstrating potential for standalone gold exploration.
Highlight intercepts from the campaign include:
- Hole MBRC0159: 7m @ 4.78g/t from 11m
- Hole MBRC0161: 7m @ 1.20g/t from 27m
- Hole MBRC0167: 4m @ 1.08g/t from 5m
Twin Veins sits on an anomaly stretching over 1km which has seen ‘limited’ previous exploration. The drill campaign formed part of the company’s overall Q4 exploration program at Marble Bar, located 150km southeast of Port Hedland.
Global Lithium has stated that the results have underscored gold potential for the broader Marble Bar Project, which has produced nine gold prospects and is considered to be under-explored.
“These latest high grade, shallow gold results … demonstrate that the gold potential at this exciting project could indeed be a stand-alone project”
Addressing the results, Global Lithium Managing Director Jamie Wright said, “These latest high grade, shallow gold results highlight the potential of our Twin Veins Project and demonstrates that the gold potential at this exciting project could indeed be a stand-alone project.
While the Company is focused on lithium exploration at the MBLP, there is no denying the gold potential that exists within our tenement package.
Global Lithium has already identified nine gold prospects in the northern portion of its strategic tenement portfolio and has had immediate success on its first target, which is a testament to the capability of the technical team. We look forward to continuing our gold exploration programs in tandem with our lithium programs to see what further developments we yield.”
The Twin Veins program saw 10 RC holes drilled for a total of 1,050m, targeting previously-identified soil and rock chip anomalies. The company reports that ‘significant’ mineralisation was encountered in seven of these holes, in what it describes as providing strong potential for further discovery.
Importantly, hole MBRC0159 is situated up-dip from the previously-reported MBRC0157, which had intersected 12m @ 2.95g/t Au from 37m. Additionally, hole MBRC0161 sits along strike from MBRC006 which had returned 3m @ 5g/t Au from 25m, demonstrating potential for continuity of gold mineralisation.
Results are in the process of being analysed, with a view to generating targets for further exploration work.