Premier1 Lithium (ASX:PLC) has confirmed a gold-in-soil anomaly, spanning 500m by 300m at the Rochefort prospect within the greater Abbotts North Project in the Murchison region of Western Australia.
The discovery holds up to 16 parts per billion (ppb) gold, correlating with the company’s previous findings of rock chip samples up to 11.7 grams per tonne gold, uncovered in a soil sampling program concluded in September.
The company expects to receive infill sampling results later in this quarter to direct target definition.
Premier1 has also planned a geological mapping program ahead of maiden drilling at Abbotts North.
Managing Director Jason Froud says the company is assessing alternative sampling methods as the anomaly appears truncated to the south by colluvial cover, where it is unlikely for soil sampling to penetrate the cover sequence.
“The latest soil sampling at Rochefort improves our understanding of the geological setting and scale potential of the mineralisation previously identified in rock chip sampling,” Froud says.
“Expanding the prospective footprint, including the identification of a discrete anomaly approximately 250m to the west, is a very positive outcome that reinforces the broader potential of the area.”
Premier1 Lithium is a Western Australian explorer focused on developing gold, copper, and lithium projects within greenstone belts.
Write to Maddison Elliott at Mining.com.au
Images: Premier1 Lithium
