Alchemy Resources Ltd (ASX:ALY) has uncovered several large targets of lithium and pathfinder elements from first pass regional soil sampling at its 100-owned Karonie Project in Western Australia.
Results from 1,471 soil samples taken along the prospective Goldilocks Trend over a 60-kilometre strike length showed broad, coherent and coincident beryllium, rubidium and tin anomalism as well as associated lower-level lithium and tantalum values over two large new areas.
Ground truthing will be included in future exploration work to determine the source of the anomalies in the new areas now designated as Red Oak and Alder.
Lithium anomalism and mapped pegmatites at the new prospects
Exceptional potential
Alchemy chief executive officer James Wilson said: “The regional soils program has fulfilled its objective of providing a low-cost, first pass geochemical assessment of the extensive strike length of the prospective granite contact zone at Karonie. To obtain such a large footprint of coincident pathfinder anomalism at these areas is an exceptional result.
“Several very large and promising target areas justify follow-up with further work to better define and characterise the anomalism. In the meantime, we await the infill soil sampling at the more advanced Cherry, Hickory and Pecan areas so that we can plan for future drill targets.
“The geochemical review reaffirms the exceptional prospectivity of our large tenement package for LCT mineralisation at Karonie in a region where a number of significant lithium resources have been proven in recent times and which has historically only ever seen gold and base metals exploration.”