Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Stelar Metals returns results in excess of 5% lithium in rock chip samples from Trident

Published 15/08/2023, 11:52 am
Stelar Metals returns results in excess of 5% lithium in rock chip samples from Trident
SLB
-

Stelar Metals Ltd (ASX:SLB) has completed a successful reconnaissance sampling program over its newly acquired Trident Lithium Project near Broken Hill in NSW, strongly establishing the prospectivity of the tenure with rock chip and soil sample results of more than 5% and 1,756 parts per million (ppm) lithium respectively.

The samples were taken from the historical pegmatite mine at Trident in July with five of seven rock chips returning very high lithium results in excess of 5% lithium.

These results bode well for the potential of the 20-kilometre by 10-kilometre pegmatite system at Trident, as lithium mineralisation tends to form in zones.

The mineralisation at Trident shares strong similarities with amblygonite historically mined from pegmatites at the Finniss Lithium Project in the Northern Territory and the Groto Do Cirilo and Salinas Lithium Projects in Minas Gerais in Brazil, which are now world-class spodumene mining districts.

Building a pipeline of targets

Apart from rock chips from the historical mine at Trident, the company also collected 40 rock chip samples from the nearby Triumph, Sceptre, Lady Don, Esams No 1 and Esams No 2 prospects with assays still pending.

Stelar is also progressing soil samples at 10-metre spacing over Trident, with about 50% of planned samples collected.

SLB is mapping the other abundant pegmatites and historical lithium mines in the local area and will expand mapping over the large 20-kilometre by 10-kilometre pegmatite system over time.

The company has already completed independent Environmental, Cultural and Heritage Assessments in preparation for the inaugural drill program in the area around Trident, Sceptre, Lady Don, Triumph and Esams No 1 pegmatites, which Stelar will begin in the coming months, subject to approvals.

Trident area – soil sampling area (August 2023) showing known prospects, NSW Geological Survey mapped pegmatites.

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.