Aurumin Ltd (ASX:AUN) has finished drilling four diamond holes targeting lithium-bearing pegmatites at its Mt Palmer Project, 40 kilometres southeast of Southern Cross, Western Australia.
The company drilled a total of 994 metres at the 100%-owned project, with drill core logging underway and samples being prepared for assay.
2023 diamond drill hole collar locations, ultrafine soil sample lithium results and other samples.
Aurumin targeted drill holes on geochemical multi-element anomalism, with lithium results up to 146ppm and tantalum results up to 391ppm.
Mt Palmer has history
The Mt Palmer project is a key part of Aurumin’s Southern Cross Operations, which includes two historical high-grade production centres, Mt Dimer and Mt Palmer.
The latter previously generated around 158,000 ounces of gold at an average grade of 15.9 g/t via open pit and underground methods.
Mt Palmer was last commercially mined in 1944 and given its proximity to Wesfarmer’s Mt Holland Lithium Project, the project is prospective for lithium mineralisation.
Aurumin is now focused on the lithium potential.
Aurumin's managing director Brad Valiukas said: “Mt Palmer is prospective for lithium mineralisation and has been unfinished business for the company since we announced results from orientation drilling in June last year.
"We are pleased to have completed drilling and look forward to updating the market with the results.”
The company’s drill program is part-funded by the Western Australian Government’s Exploration Incentive Scheme (EIS).