Sabre Resources (ASX:SBR) has identified 3 new ‘key’ lithium-anomalous targets through soil sampling conducted across its Cave Hill Lithium Project in Western Australia.
The $9 million market capitalisation company says these ‘large’ lithium-in-soil anomalies lie south and along-strike of Future Battery Minerals’ (ASX:FBM) Kangaroo Hills Lithium Project (KHLP).
All 3 anomalies are in areas of soil and/or alluvial cover and include lithium (Li) values of more than 30 parts per million (ppm) Li, with a peak value of 37ppm Li.
Sabre is continuing to conduct further sampling on the largest tenement at Cave Hill, E15/1844, which is interpreted to contain extensive greenstone sequences under soil/alluvial cover. This area has never been tested for lithium, nickel, and gold.
Sabre Resources Chief Executive Officer (CEO) Jon Dugdale says that this discovery is ‘very encouraging’ and demonstrates that this greenstone corridor has the potential to host ‘major’ lithium deposits.
“The anomalies lie immediately to the south and within the same greenstone corridor as the Kangaroo Hills lithium-spodumene discovery and on a parallel trend to the Widgiemooltha Belt 25km to the east, which hosts major lithium resources.
We look forward to the results of further sampling in progress, which is testing greenstone corridors which are prospective for lithium-bearing pegmatites within the 100km strike length of contiguous tenements which the company holds in the area.
An initial 724 auger soil sample results were received from a planned 2,800 sample program across the 5 tenements that make up the 700km-square Cave Hill Project.
Sabre says Cave Hill’s location within the same belt as Future Battery’s KHLP showcases its ‘significant’ lithium potential.
Sabre Resources is a battery, base, and precious metals explorer and developer with assets in Western Australia and the Northern Territory. As of 30 June 2023, the company had $4.512 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Sabre Resources