Lord Resources (ASX:LRD) reports it has been granted exploration licence E15/1770 for the Horse Rocks Lithium Project near Coolgardie in Western Australia.
The Horse Rocks Project is considered prospective for pegmatite hosted lithium, nickel sulphide, and orogenic gold mineralisation.
Historic drilling has identified elevated nickel within the ultramafic sequences, along with gold anomalism in surface sampling.
Lord Resources reports the lack of any exploration for lithium provides an untested conceptual opportunity for Lord Resources, and the program will be the first exploration for lithium in the area.
The company is expecting to mobilise a field crew within the week to begin exploration, following the 5 days’ notice period required by the Department of Biodiversity, Conservation and Attractions (DBCA).
A comprehensive surface geochemical sampling program has been designed to cover the entire tenement area.
The results of the multi-element analysis will aim to identify near surface anomalies, which will assist in drill targeting.
Concurrently, the Lord Resources technical team will carry out geological mapping and rock chip sampling to verify the historically mapped pegmatites and expand known occurrences.
Lord Resources Managing Director Barnaby Egerton-Warburton said the company is thrilled to announce the granting of tenure for the Horse Rocks Project.
“The technical team is ready to hit the ground running, with a comprehensive geochemical sampling program ready to go, which will complement the geological mapping and rock chip sampling.
“The technical team is ready to hit the ground running, with a comprehensive geochemical sampling program ready to go”
Located in one of the best lithium exploration provinces globally, the company is excited to get to work of demonstrating the potential of Horse Rocks and hopefully make a discovery that will add to the region’s already impressive lithium inventory.”
Horse Rocks lies within a folded portion of an isolated greenstone belt within the Coolgardie Domain of the Yilgarn Craton.
The greenstone belt consists of high-magnesium basalts, gabbroic sills and komatiite sequences.
The granodiorite Depot Dome is to the immediate east of the greenstones and is the interpreted source of the many pegmatite intrusions within the tenure
Located 23km south of Coolgardie in Western Australia’s Eastern Goldfields, the Horse Rocks Lithium Project comprises a 23.8km-square exploration licence, 8km west of Mineral Resources Limited’s (ASX:MIN) Mt Marion Lithium Mine.
The Bald Hill and Dome North lithium projects are also within 100km of Horse Rocks within a similar geological setting.
Lord Resources is an exploration company within a ‘highly prospective’ portfolio of future facing metals located within Western Australia’s famed Greenstone belts and close to high profile and prolific historic and producing mines.
Lord Resources’ five largely unexplored projects including the Horse Rocks Project, Cambridge Project, Gabyon Project, Jarama Project, and Viper provide exposure to lithium, nickel, PGE, and gold sectors.
Images: Lord Resources Ltd & iStock
