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Intra Energy Corp intersects multiple pegmatites at Maggie Hays Hill with gold pointers to boot

Published 31/07/2024, 12:50 pm
Intra Energy Corp intersects multiple pegmatites at Maggie Hays Hill with gold pointers to boot

Intra Energy Corporation Ltd (ASX:IEC) has completed reverse circulation (RC) drilling at its high-priority Maggie Hays Hill (MHH) Project in the Lake Johnston Greenstone Belt, Western Australia.

The project encompasses the 2.5-kilometre-long southern pegmatite lithium target, and the central and northern gold targets. The program comprised 1,960 metres of RC drilling, testing 1,300 metres of lithium targets and 660 metres of gold targets.

Lithium drilling focused primarily on the southern pegmatite lithium target, a notable soil and outcrop anomaly akin to the nearby Burmeister spodumene discovery by TG Metals Ltd.

The 1,300 metres of lithium target drilling consisted of 13 holes and intersected multiple pegmatites in several holes along a strike length of 2 kilometres. Pegmatites had combined intervals up to 19 metres in some holes.

The balance of the drilling program (660 metres) tested multiple gold targets in two locations, intersecting quartz veins in several holes near previous drilling that intersected gold mineralisation.

Drill samples have been dispatched to the laboratory and results are expected in early September.

“A resounding success”

“Having spent 21 days in the field supervising the drilling program at the Maggies Hays Hill Project, I think the campaign has been a resounding success," IEC principal geologist Todd Hibberd said.

"Multiple intervals of pegmatite were intersected in most holes, with some holes containing combined intersections up to 19 metres wide.

“The gold-focused drilling was also very successful with quartz vein intervals encountered in most of the holes drilled. We are very keen to see the assay results, which should be available in early September.”

IEC managing director Ben Dunn added: “The company has successfully completed drilling at the high-priority Maggie Hays Hill Project.

"We are particularly pleased with the initial geological field reports and the quantum of pegmatite and quartz intersections in the drilling.

"Assay results are keenly anticipated in early September and the company will keep investors fully appraised as results become available.”

Lake Johnston Lithium Province showing spodumene discoveries and tenement holdings.

Read more on Proactive Investors AU

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