Metals Australia (ASX: MLS) has announced ‘thick, high-grade’ lithium and rubidium hits from an RC drilling campaign at its Manindi Project in Western Australia.
The results were generated from the first seven completed holes of a 33-hole campaign targeting the Foundation LCT Pegmatite discovery, with key grades including:
- Hole MNRC042: 16m @ 1.12% Li2O, 0.32% Rb from 19m (downhole), incl.
- 13m @ 1.25% Li2O, 0.34% Rb from 21m
- Hole MNRC043: 12m @ 0.86% Li2O, 0.30% Rb from 62m (downhole), incl.
- 4m @ 1.37% Li2O, 0.33% Rb from 68m
Speaking on the results, Metals Australia Chairman Mike Scivolo said: “These results of only the first seven holes in the Manindi Lithium Project RC drilling program have already produced thick and high-grade lithium intersections.
We look forward to seeing the results from under the highest-grade part of the Foundation Pegmatite as well as from the thick intersections of lithium bearing pegmatite at Mulgara.
“It’s early days but it looks like the Company is onto significant LCT pegmatite discovery at Manindi”
It’s early days but it looks like the Company is onto significant LCT pegmatite discovery at Manindi and we are well funded to be able to drill-out a substantial lithium resource at the Project.”
The company notes that it is awaiting assay results from additional thick intersections of lithium-bearing pegmatite under the highest-grade part of the Foundation Pegmatite, an area that recorded results of 2.30% Li2O and 0.70% Rb.
In addition, further assays are expected from drilling below previous Mulgara pegmatite intersections which had intersected thick visible lithium-bearing pegmatites.
Cross section displaying results from holes MNRC042 and MNRC043 targeted at the Foundation PegmatiteThe Manindi Project is located within Western Australia’s Murchison District, approximately 20km southwest of the defunct Youanmi gold mine and 500km northeast of Perth.
It currently boasts a JORC-2012 Mineral Resource Estimate of 1.08Mt @ 6.52% Zn, 0.26% Cu and 3.19g/t Ag reported at 2% Zn cut-off.
With the current RC drilling campaign ongoing, the company reports that it will move forward with additional diamond drilling to test depth extensions of key pegmatites and to acquire samples for metallurgical testwork.
Images: Metals Australia Limited
