New Age Exploration (ASX: NAE) reports that it has received ‘encouraging’ gold and lithium results from exploration work across its Central Pilbara Project.
The results were generated from Phase 2 drilling at the Brahman Project, along with limited rock chip sampling on lithium pegmatite targets at Quartz Hill, with key results from Brahman including:
- Hole 21BRC0006: 20m @ 2.3ppb Au, 3.1ppm As from 8m, and 4m @ 104ppb Au, 4.6ppm As from 108m
- Hole 21BRC0008: 40m @ 5.5ppb Au, 11.7ppm As from 36m
- Hole 21BRC0012: 12m @ 9.1ppb Au, 41.0ppm As from 100m depth
The company reports that lithium potential has also been identified at Brahman, with broad, coherent, low order lithium and multi-element lithium pathfinder geochemical anomalism results including:
- Hole 21BRC0008: 56m @ 137.5ppm Li, 20.7ppm Cs; 2.0ppm Be, 69.4ppm Rb from 36m
- Hole 21BRC0012: 40m at 111.4ppm Li, 1.8ppm Cs from 80m
- Hole 21BRC0013: 52m @ 76.4ppm Li, 1.2ppm Cs from 16m
In addition, a grab sample from a lithium-bearing pegmatite at the Quartz Hill Project returned results of 154.1ppm Li, 1.1ppm Cs. Importantly, the pegmatite is located along strike from the Tier-1 Wodgina Deposit, which is one of the world’s largest known deposits of hard-rock lithium.
Speaking on the results, NAE Executive Director Joshua Wellisch said “The primary objectives of this campaign – to confirm prospective basement rocks and structures beneath relatively shallow cover – have been achieved. We are very encouraged with the results received at this early stage of our exploration effort in the Pilbara particularly given the wide spacing of our reconnaissance drilling to date.
Our focus is on applying leading edge multi-disciplinary geoscience to identify high priority ‘Hemi style’ intrusive related and structural gold targets through a blanket of cover across our extensive Central Pilbara Projects and to systematically test them with drilling. We have also been critically aware of the lithium potential of the project given our proximity to Wodgina and Pilgangoora, two of the largest high grade hard rock lithium operations in the world.
“We are very encouraged with the results received at this early stage of our exploration effort in the Pilbara particularly given the wide spacing of our reconnaissance drilling to date”
Our approach has been justified and even though we have really just commenced, a number of holes have returned results indicative of large-scale gold systems including coincident gold-arsenic anomalism which is the main geochemical signature at Hemi. We are also highly encouraged by the lithium results reported from several of our holes at Brahman and from limited rock chip sampling at Quartz Hill within the Wodgina-Mt. Francisco LCT pegmatite structural corridor.
The results received to date confirm our belief that our Central Pilbara Project has the potential to host significant gold and lithium mineral deposits.
Given that we have now confirmed a lithium opportunity in addition to gold, our immediate strategy will be to advance in concert both our gold and lithium targeting. We currently have a geochemical sampling survey underway to help fast track that objective with the aim of recommencing drilling of priority targets later in the year.
We are excited to be recommencing our field activities in the Pilbara. We have also recently re-commenced our field programs in the Central Otago Gold belt in New Zealand and we look forward to delivering strong news flow from both projects over the coming months.”
Phase 2 drill work at Brahman, which included 13 RC holes for 1,506m before the end of the 2021 field season, was designed to follow up on high priority targets generated from earlier Phase 1 drilling, along with testing a range of new targets generated from data synthesis and proprietary data filtering technology work carried out by Fathom Geophysics
The project is located within ~20-30km of De Grey Mining’s (ASX:DEG) Mallina Gold Project, and the recent major Hemi gold discovery.
Moving forward, NAE reports that it is working on geochemical soil surveys across all project areas to refine and prioritise gold and lithium targets before drilling recommences.
Images: New Age Exploration Limited