Preliminary findings of a review by Kali Metals Ltd (ASX:KM1) of historic drill core from its Spargoville Project in Western Australia have revealed multiple spodumene occurrences.
This review, which is only 51% complete, has so far concentrated on the area around Westgold Resources Ltd’s recently acquired Spargo’s Reward open pit gold mine, which is within Kali’s Spargoville Project.
The drill core database points to numerous pegmatite trends of favourable thickness and potentially daylight towards the west of Spargos Reward.
Cross-section beneath Spargo’s Reward illustrating preliminary results of review of Westgold’s historic drill core (pegmatites marked in red).
Kali Metals exploration manager Mladen Stevanovic said: “The ongoing re-logging campaign is already generating exciting drill targets. It also shows that discoveries can be made by meticulous examination of the existing databases, without the need for the company to expend capital on further drilling.
“The potential for lithium mineralisation to the west of the Spargo’s Reward appears better than expected. Spodumene-bearing and optimally-fractionated pegmatites have already been identified."
Higginsville Lithium District review
Spargoville is one of multiple Kali Metals projects within its Higginsville Lithium Project, with the company now completing a comprehensive geophysical review of the entire project, with early results suggesting multiple new areas of interest.
Kali’s Higginsville Lithium Project.
Additionally, the company has successfully completed its initial reverse circulation (RC) drilling program at the Widgiemooltha Project, where the best intercept was 10 metres at 1.06% lithium oxide from 43 metres.
Widgiemooltha lies within the 'lithium corridor' that hosts several lithium deposits, including Mineral Resources’ Mt Marion project in the north and Liontown Resources’ Buldania project to the south.
Significant drill results from the first-pass RC drilling program at Widgiemooltha include:
- 10 metres at 1.06% lithium oxide from 43 metres;
- 2 metres at 0.95% from 99 metres; and
- 1 metre at 1.44% from 27 metres.
The initial review of the historic core at Spargoville and the initial results from the comprehensive geophysical review of the entire Higginsville tenure, have encouraged Kali to focus additional attention towards drill target generation and subsequent target ranking.
Stevanovic added, “We are also nearing completion of a comprehensive geophysical review of the entire Higginsville Lithium District. This has already identified many new exploration targets that warrant further follow-up, showing just how prospective the company’s projects are.
“This new geophysical information, in conjunction with the promising information obtained from the ongoing re-logging of the drill core and RC chips, has prompted the company to amend its exploration plans with a renewed focus on target generation and target ranking.
"This approach is intended to identify several high-quality exploration targets and invest Kali’s resources toward the most promising exploration campaigns.”
Read more on Proactive Investors AU
