Sipa Resources Limited (ASX:SRI) is reporting it has secured all the necessary approvals and a drill rig to commence testing of lithium targets at its 100% owned Skeleton Rocks project in Western Australia shortly.
Sipa Resources Managing Director Pip Darvall said the company is excited to start drilling at Skeleton Rocks.
“Skeleton Rocks is a great location to hunt for lithium with major groups operating nearby, and we are eager to get this drill program started.
“Skeleton Rocks is a great location to hunt for lithium with major groups operating nearby”
Our aircore program earlier in the year was the first drilling ever completed in this area, offering plenty of opportunity for discovery.”
Results from an aircore program conducted in March 2022 confirmed the existence of anomalous lithium in previously untested greenstone units.
As a result, Sipa undertook further analysis of the complete dataset, both internally and via external consultants.
Those reviews highlighted target areas where elevated lithium and other pegmatite associated elements (caesium and rubidium) form coherent halos of 4 to 5 times background levels on the margins of greenstone units, often in association with quartz veining.
These anomalous results may indicate the presence of nearby lithium-bearing pegmatities and will be tested via a follow-up drill program commencing in the coming days.
The planned reverse circulation (RC) program will comprise a series of deeper holes angled directly under the geochemical anomalies.
Skeleton Rocks is strategically located between the Great Eastern Highway and the Mt Holland lithium project currently being developed as part of a joint venture between Wesfarmers (ASX:WES), and Chilean mining major Sociedad Quimica y Minera de Chile S.A. (SQM).
Sipa Resources Limited is an Australian-based exploration company focused on the discovery of gold and base metal deposits in Western Australia.
The Paterson North Copper-Gold Project is being progressed in partnership with Rio Tinto Exploration (ASX:RIO), and the Barbwire Terrace Base Metals Project in joint venture with Buru Energy (ASX:BRU).
At Wolfe Basin, extensive base metal anomalism and gossans have provided several targets for drill testing along a prospective horizon over 40km long.
The Warralong Project is prospective for intrusion-hosted gold, lithium-tin-tantalum and nickel-copper in the north Pilbara region in a ‘look-alike’ structural setting to recent discoveries in the district.
Sipa’s Murchison Project covers major structures and prospective geology in prolific greenstone belts within Western Australia’s northern goldfields.
The Skeleton Rocks project covers outcropping and interpreted greenstone units prospective for gold, lithium and nickel-copper-platinum group element deposits with limited to no drilling ever completed in these areas.
In Uganda, Sipa holds a Retention Licence over an intrusive-hosted Ni-Cu sulphide discovery with significant scale potential.
Images: Sipa Resources Limited
