Zeus Resources (ASX:ZEU) has begun a phase two drilling campaign at its Mortimer Hills Lithium Project in the Gascoyne Junction of Western Australia.
The $14.17 million market capitalisation company says the phase two program will focus on deeper drilling than previously tested in the phase one campaign, alongside the testing of new targets identified by recent field mapping and geochemical surveys.
The work will consist entirely of reverse circulation drilling, with the holes inclined at 60 to 75 degrees
The work will consist entirely of reverse circulation (RC) drilling, with the holes inclined at 60 to 75 degrees.
Further, Zeus intends to extend the previous field mapping and surface geochemical sampling to better target drillhole locations in preparation for further drilling programs.
This announcement comes after the company received all assays from its phase one drilling program.
None of the pegmatites logged in the drilling produced lithium, tin, or tantalum grades, suggesting that these pegmatites in shallow depth were not derived from the nearby LCT 33 Supersuite granite intrusion but rather a result of the shearing of the host schists.
Zeus has applied for 5 new exploration licences in the Gascoyne region, covering a total area of 59.5km-square 130km northeast of the Gascoyne Junction. These tenement applications will be subject to a ballot to determine the successful applicants.
Zeus Resources is an ASX-listed exploration company focused on exploring for lithium, potash, and other metal resources. The company currently holds 14 tenements and applications, which include 2 granted tenements in the Mortimer Hills and Wiluna project areas.
Write to Aaliyah Rogan at Mining.com.au
Images: Zeus Resources Ltd