In addition, new lithium and gold geochemical results were generated from exploration of its wholly owned Loudens Patch tenement
The Company's Managing Director,
The recent field programme covered unexplored tenure to the north of Whim Creek mine as well as follow-up exploration at Loudens Patch, where lithium anomalism in rocks and soils is associated with pegmatites. Spodumene minerals were identified in pegmatite outcrops at Whim Maar Prospect, over an initial area of 1km by 1.6km, 4km north of Whim Creek mine. Rock chip samples have been dispatched to LabWest in Malaga for processing and results are expected in late
Pegmatites were observed to be zoned, with massive quartz pegmatite cores being all that remains as low-lying outcrop across the flat terrain. Weathering and erosion has preferentially affected the lithium mineralised zones of the pegmatite as well as the schistose host rock (Mallina Formation at Loudens Patch and
Rock chip sampling of outcrop is considered representative of mineralisation in situ. However, 'float' samples are interpreted to have originated near source. The presence of pegmatite quartz cores showing remnant spodumene confirms the origin of the float samples. As Whim Maar pegmatites are a very recent discovery, the abundance of spodumene, the lithium content of the minerals and the full extent of the pegmatites is not yet known. No analysis results from sampling at Whim Maar are available as yet. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates provide no information regarding impurities or deleterious physical properties relevant to valuations.
Anax secured tenement (E47/4281) in 2020, to explore for gold and lithium. The 100% Anax owned project lies adjacent to the east of the
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