Lord Resources (ASX:LRD) has kicked off a phase two reverse circulation (RC) drilling program at its Horse Rock Lithium Project in Western Australia.
The program is planned across 3 ‘high-priority’ target areas, and drilling is aimed to test the potential of economic lithium mineralisation within the project.
The battery metals-focused explorer recently completed a drone magnetic survey over the project area that uncovered areas of intense magnetic low features, suggesting the potential for ‘larger’ buried pegmatites.
Several of these magnetic signatures will be drill tested to try to locate an ‘economic’ source of lithium.
Lord Resources Managing Director Barnaby Egerton-Warburton says the company is geared up to dive deeper into the project with this second phase of drilling.
“The drilling will follow up the highly anomalous LCT pegmatites identified in the first round of drilling, which will fully exploit the potential of this project.
It will be the first time in history the newly discovered magnetic low signatures are being drill tested.”
“It will be the first time in history the newly discovered magnetic low signatures are being drill tested”
The Horse Rock project lies in Western Australia’s goldfields region and comprises a 23.8km-square exploration licence.
Lord Resources is an ASX-listed minerals explorer with assets prospective for lithium, nickel, platinum group elements, and gold.
As of 30 September 2023, the company had $1.87 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Lord Resources