Okapi Resources Limited (ASX:OKR) reports that it has identified a 2km-long lithium target during a recent soil program at its 100%-owned E63/2039 tenement at Lake Johnston in Western Australia.
The results of up to 86ppm are comparable with recent results from Charger Metals NL (ASX:CHR), who reported up to 89.7ppm from the nearby E63/1903 JV tenement on 28 July 2021.
The tenement is located approximately 450km east of Perth in the central Lake Johnston Greenstone Belt, which is home to the Maggie Hays and Emily Ann underground nickel mines. It sits adjacent to the Mount Day Joint Venture Project, in which Okapi has farm-in rights to earn a 75% interest.
Map displaying Okapi tenements along with Charger Resources and Lefroy ExplorationExploration at Lake Johnston
The infill soil program consisted of 664 samples spread across a 200m x 50m grid, with anomalous results including lithium, caesium and rubidium.
The program has resulted in Okapi declaring an anomalous lithium zone (>25 ppm Li) across 2,000m of strike.
A series of pegmatites were also identified in zones of LCT mineralisation. Okapi has stated that it intends on testing the extent of these through further mapping and sampling, leading into an eventual drill campaign.
“we are very pleased to be receiving encouraging results for both gold and lithium”
Management comments
Okapi’s Executive Director, Mr David Nour said, “At this early stage of exploration on the project, we are very pleased to be receiving encouraging results for both gold and lithium. We will be looking to fast track exploration by confirming the on-ground expression of the structures and pegmatites hosting these metals, and working towards receiving the necessary clearances as soon as possible to drill these targets.”
Images: Okapi Resources Limited
