Midas Minerals (ASX:MM1) reports it has started reverse circulation (RC) drilling has at its Newington Lithium-Gold Project, north of Southern Cross, in WA’s Goldfields region.
The junior mineral exploration company announces that the aim of the initial 2,500m program is to obtain an understanding of the variability of pegmatite mineralogy, size and orientation at intervals over about 8km strike of the Kawana East pegmatite belt.
Midas’ previous rock chip and auger geochemistry identified lithium and tantalum-bearing surface.
Addressing the launch of the drill campaign, Midas Managing Director Mark Calderwood commented: “Exploration to date at Newington has been successful in locating, at surface, LCT pegmatites containing anomalous lithium mineralisation.
“We hope our maiden drill program at Newington will provide greater understanding of the Kawana East pegmatite geology”
We hope our maiden drill program at Newington will provide greater understanding of the Kawana East pegmatite geology and help us shape future exploration plans at this highly prospective lithium project.
We look forward to receiving first results from this drilling.”
Midas Minerals is based in Western Australia and is targeting the discovery of economic mineral deposits with a primary focus on lithium and gold; however, its projects are also prospective for nickel, PGE, copper, and silver.
The company has three projects located within the Yilgarn Craton of Western Australia: Newington, 311km-square – recently acquired project, located at the north end of the Southern Cross and Westonia greenstone belts, prospective for lithium and gold. Significant lithium and gold mineralisation have been identified.
Images: Midas Minerals Ltd
