💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Intra Energy Corporation completes first exploration phase at Llama

Published 04/10/2023, 10:24 am
Updated 04/10/2023, 11:00 am
Intra Energy Corporation completes first exploration phase at Llama

Following the completion of its first phase of exploration on its Llama Lithium Project in the prolific James Bay region in Canada, Intra Energy Corporation Ltd (ASX:IEC) has identified several highly prospective areas that it will explore further.

The project is comprised of 135 wholly owned mineral claims consolidated into one block covering approximately 69.2 square kilometres and is just 65 kilometres from the Winsome Resources Ltd (ASX:WR1) Adina Project and 120 kilometres from Patriot Battery Metals Ltd Corvette Project.

From the first stage program at Llama, multiple large scale pegmatite dykes were discovered with Lithium-Cesium-Tantalum (LCT) affinities including the presence of the minerals beryl (beryllium) and columbite (niobium).

Dahrouge Geological Consulting (DGC), IEC’s geological services partner in Canada, collected 83 rock samples and mapped some 52 kilometres of ground traverses with the objective of identifying drill targets.

Samples have been sent to the laboratory for analysis.

Map of the Llama project, illustrating the location of the 83 rock samples collected, including beryl, columbite and tourmaline observations along with the traverses conducted during the initial exploration program.

“This is a terrific start to our maiden exploration campaign in Canada, identifying several highly prospective areas within the Llama Project area,” IEC managing director Benjamin Dunn said.

“Our patience has been rewarded and we thank the Dahrouge Geological Consulting team for their hard work and keen eyes, covering the area by foot. We await the results of the samples taken in the field which, along with planned LIDAR and Hyperspectral analysis, will focus the next round of fieldwork and set us up for what we believe will be a successful exploration campaign.”

Exploration in detail; results to come in December quarter

An 11-day field helicopter supported exploration program was undertaken by DGC on several prospective targets including potential pegmatite outcrops and areas anomalous in lithium (Li), rubidium (Rb), tantalum (Ta).

Several targets showed numerous kilometric-scale pegmatite dykes and LCT indicator minerals including tourmaline, beryl and columbite were identified at multiple locations.

Tourmaline pegmatite showing potential LCT affinity.

Rock samples reveal the presence of columbite, beryl, tourmaline, and muscovite, suggesting an enrichment of beryllium, niobium, and boron—known as incompatible elements—in late-stage granitic fluids.

Columbite crystal along with a tourmaline crystal within a sub-crop pegmatite.

These incompatible elements crystallise into minerals in areas parallel to the fertile source granite's boundary, serving as indicators for potential zones enriched in lithium.

The samples are now with the SGS Canada Inc. laboratory, for a comprehensive multi-element analysis, including all lithium indicator elements.

Results expected early in the December quarter.

What’s next?

Once it has received the lab results, IEC will conduct a second field exploration program to collect more samples.

The focus will be the remaining targets and refinement of pegmatite dykes’ extensions, to give IEC a deeper insight into their geochemical signatures.

The company is evaluating the earliest possible time to undertake the work.

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.