Junior explorer Lord Resources (ASX:LRD) has highlighted new ‘high-priority’ targets for field reconnaissance and potential drill testing at its Horse Rocks Lithium Project in Western Australia.
The targets were identified from a high-resolution drone magnetic survey completed over the project and come in conjunction with ‘highly encouraging’ results from mineralogical analysis.
Lord reports this survey demonstrates a correlation between magnetic low features and mapped pegmatites, with multiple areas interpreted to be host to ‘intense’ magnetic low features.
The company believes the presence of these features indicates a potential for ‘larger’ buried pegmatites.
Meanwhile, a mineralogical analysis of selected drill chips from an initial reverse circulation (RC) drill program has returned small amounts of fine-grained spodumene and cookeite, confirming the project is situated within a ‘highly fertile’ lithium-caesium-tantalum (LCT) pegmatite system.
As a result, Lord announces it will move forward with field reconnaissance of these features and will undertake a heritage survey over drill targets ahead of deeper RC drilling.
Addressing the ongoing exploration, Lord Resources Exploration Manager Georgina Clark says: “The results of the new geophysical survey have exceeded expectations, delivering magnetic data of exceptional high quality. The data has assisted with ongoing detailed litho structural review of the Horse Rocks Lithium Project, which has assisted in the design of the upcoming phase two drilling.
“The intense magnetic low features are very compelling, creating additional targets in areas that are yet to be field-mapped“
The intense magnetic low features are very compelling, creating additional targets in areas that are yet to be field-mapped. The technical team is eager to be back in the field drilling the Horse Rocks Lithium Project.”
Lord Resources is an ASX-listed explorer focused on driving Western Australia’s next discovery.
The company’s Horse Rocks project is located about 20km south of the township of Coolgardie in Western Australia’s Eastern Goldfields and comprises a 23.8km-square exploration licence.
Lord Resources had $2.57 million cash at hand as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Lord Resources
