Koba Resources (ASX:KOB) has begun initial exploration programs to assess lithium potential at its flagship Whitlock Project in Canada.
The company reports its geologists are currently onsite to begin a detailed, site-wide prospecting and sampling program at the Whitlock Lithium Project in order to assess lithium potential of previously mapped and ‘highly prospective’ pegmatites.
It is believed this network of mapped pegmatites is situated in an ideal geological and structural setting to host lithium mineralisation. Koba notes preliminary field activities are expected to ramp up over the coming weeks and are expected to continue over the next 3 months.
Speaking on the start of exploration, Koba Resources Chief Executive Officer (CEO) and Managing Director, Ben Vallerine says: “We are excited to get our 2023 exploration programs underway at our flagship Whitlock Lithium Project. With Canada’s only operating lithium mine, the Tanco Mine located immediately along strike, and numerous lithium-bearing pegmatites mapped previously in the immediate vicinity of our project, we are very optimistic that our team will be able to discover lithium-bearing pegmatites on our ground.
We have a very busy six months ahead of use with multiple phases of exploration to be undertaken across all three of our lithium projects in Canada and Australia. Planning for work programs at our JB1 and Python Lithium Projects is also well advanced, with more news to follow on these programs in the coming weeks.”
“Planning for work programs at our JB1 and Python Lithium Projects is also well advanced, with more news to follow on these programs in the coming weeks”
The company also notes current exploration comes forth following a previous exploration program completed in late-2022, in which 55 rock chip samples were collected. Results from this sampling program confirmed the pegmatites and granitic plutons that were sampled are ‘highly fractionated’, fertile, and anomalous in lithium and other indicator minerals.
Additionally, the company says the combination of nearby lithium-bearing pegmatites, favourable host lithologies, favourable structures, and anomalous geochemistry indicates the Ryerson Claim area is ‘highly prospective’ for lithium, with considerable potential for discovery.
With exploration now underway, Koba Resources announces the first phase of exploration will continue over the next 3 months in conjunction with geological reviews and planning for upcoming programs at its JB1 Lithium Project in Quebec, and the Python Lithium Project in Western Australia.
Koba Resources is an ASX-listed resources company exploring a portfolio of ‘high-grade’ lithium and cobalt projects in North America to support the electric vehicle revolution and the world’s path towards net zero emissions. The company’s Whitlock Project is located about 120km northeast of the provincial capital of Winnipeg in southeastern Manitoba and western Ontario, Canada.
The project comprises a total land area of 195km-square and is situated along strike from the Tanco Mine, which represents Canada’s only operating lithium mine where reserves comprise 7.3Mt @ 2.76% Li2O.
Images: Koba Resources Ltd
