🚀 ProPicks AI Hits +34.9% Return!Read Now

Forrestania Resources identifies highly anomalous lithium and LCT pathfinders in rock chips at Eastern Goldfields Project

Published 09/08/2023, 11:46 am
Updated 09/08/2023, 12:30 pm
© Reuters.  Forrestania Resources identifies highly anomalous lithium and LCT pathfinders in rock chips at Eastern Goldfields Project
XAU/USD
-
GC
-
HG
-

Forrestania Resources Ltd (ASX:FRS) has returned highly anomalous lithium and LCT pathfinders in pegmatite rock chips at Breakaway Dam prospect within the Eastern Goldfields Project in Western Australia.

These results were received following the company’s recent mapping and reconnaissance field trips to the newly acquired Eastern Goldfields tenements.

The focus of these field trips was to further enhance geological understanding of the project areas and to further assess the potential for lithium mineralisation.

During the field trip, multiple elevated lithium values were identified alongside Mg/Li (magnesium/lithium) ratios

Furthermore, the fieldwork also indicates a potentially large-scale LCT pegmatite province, about 22 kilometres of previously untested granite or greenstone.

Identify priority targets

Forrestania managing director Michael Anderson said: “Our maiden work programs in the Eastern Goldfields have proven very encouraging.

“The initial identification of multiple outcropping pegmatites has now been followed by these highly anomalous results, which demonstrate the obvious prospectivity of the tenements.

“We will continue our systematic mapping and sampling to identify priority targets, to be drilled as soon as possible.”

Eastern Goldfields Project area (recent acquisitions highlighted in blue).

Forward plan

Forrestania intends to focus its exploration on the significant lithium, copper and gold potential of the Breakaway Dam/Alexandra Bore project area in the coming months.

The rock chip samples are presented in a highly weathered state and further analyses is required to fully characterise the lithium mineralisation in order to understand the lithium’s host minerals.

Further mapping trips and geochemical sampling will be undertaken in the short term, to define targets for a maiden drilling program.

Mapping and sampling programs are ongoing at the Breakaway Dam/Alexandra Bore project area (E29/1037 and E29/1036) with assays pending for several other samples collected (in recent weeks) from the Alexandra Bore area.

None of those samples (from E29/1036) are being reported here with those results expected in around six to eight weeks.

Upon receipt of the assays and after geological analysis, additional mapping and geochemical programs will be planned.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.