Lord Resources Limited (ASX: LRD) has further refined a significant surface anomalism, with peak assay of 0.15% lithium oxide (Li2O) within surface soil sample at the Horse Rocks Lithium Project (E15/1770), located 20km south of Coolgardie, in Western Australia.
The Project is within eight sq. km of Mineral Resources Limited’s Mt Marion Lithium Mine. The ground surrounding E15/1770 tenement is held by Mineral Resources Limited (E15/1599, EEL53, EEL59) and Essential Metals Limited (E15/1710).
“Horse Rocks, situated between Essential Metals Limited, currently under a takeover offer from Tianqi Lithium Energy Australia Pty Ltd (IGO and Tianqi) and Mineral Resources Limited continues to provide all the right signals,” Managing Director, Barnaby Egerton-Warburton, said.
“The refined geochemical anomalies at the Horse Rocks Lithium Project are an exciting next step in the exploration of the project. These highly encouraging results will allow us to refine our drilling program, which is planned to comprise up to 6,000m of RC and will commence shortly after the completion of the heritage survey which is scheduled for next week.”
An infill surface sampling programme has been completed at the Horse Rocks Lithium Project. A total of 358 samples were collected in December 2022, over areas of anomalism outlined in the initial surface sampling program1. The samples were collected on a 50m by 100m grid from depths between 0.2m and 1.2m.
The infill sampling has confirmed the anomalism outlined in the initial surface sampling programme and has further refined areas of lithium anomalism. Peak values of 1,456ppm (0.15%) Li2O, 91ppm Ta2O5 and 349ppm Cs2O were returned from various samples, with 30% of samples (109 out of 358) returning assays of over 100ppm Li2O. The low K/Rb (potassium/rubidium <40) ratios at all the geochemical anomalies are an indication of fractionated pegmatites.
A review of the geochemical anomalies at the Horse Rocks Project has defined multiple high priority drill targets, which correlate with pegmatites mapped at surface. A heritage survey has been booked for next week and drilling is expected to commence in March / April 2023.
The next phase of exploration at Horse Rocks is to drill the geochemical anomalies.
A Programme Of Works (POW) has been approved by DMIRS.
A heritage survey is booked for next week
Drilling is expected to commence in March / April 2023.
For further information please visit: https://lordresources.com/