Premier1 Lithium (ASX:PLC) has received rock chip assays which highlight the Yalgoo Project’s under-explored nature and its broader prospectivity.
The results from these samples help the company understand the controls on mineralisation in areas of historical mineralisation given the limited geochemical and structural data available.
The results returned from a first-pass geological mapping and geochemical sampling program include 128.5 grams per tonne gold, 78.9g/t gold, 106.6g/t gold, and 54.8g/t gold.
Managing Director Jason Froud says the latest results provide compelling targets for future exploration.
“We are very excited by the results which confirm the high-grade gold potential of the Yalgoo Project area,” Froud says.
“Whilst high gold grade results were returned from the known mineralised trends at Olive Queen, Bourkes United, and Broken Mount it is important to note that many samples are from previously untested areas.
“This includes a new mineralised trend some 500m east of the Crescent prospect, with grades up to 128g/t gold and at Mulloo Hill, with grades up to 18.1g/t gold. Mulloo Hill is approximately 15km south of the Crescent/Wadgingarra area and presents an entirely new, greenfield target.”
Premier1 Lithium has lodged a program of work for drilling within the Wadgingarra area, which has been approved by the Department of Energy, Mines, Industry Regulation and Safety.
Further, heritage clearance is ongoing with the Yamatji Southern Regional Corporation. A heritage survey prior to drilling is scheduled to begin early next month.
The Yalgoo Project is located within the Murchison region of Western Australia.
Premier1 Lithium is an explorer focused on uncovering Western Australia’s mineral resource potential.
Write to Aaliyah Rogan at Mining.com.au
Images: Premier1 Lithium
