Perpetual Resources Limited announced the successful completion of their maiden drill programme at the Igrejinha Project, located in Brazil’s “Lithium Valley”. The company has completed reverse circulation (RC) drilling at Target 1 as well as the South East Anomaly, and both targets returned strong visual indications of LCT-style pegmatites.
At the South East Anomaly, multiple datasets indicate potential for a major lithium-bearing pegmatite system with visual identification of spodumene present. 5 out of the 6 holes drilled intersected broad zones of pegmatite from two parallel structures. The results from the South East Anomaly confirm strike continuity over at least 60m, with the orientation and widths of the pegmatites still to be confirmed.
At Target 1, continuous, mineralized LCT pegmatite over 200m of strike from surface to >50m depth was defined. There is strong mineralization potential and visual observations indicate the presence of spodumene and pXRF readings for pollucite, highlighting the geological interest of Igrejinha as a potential caesium-bearing system.
First assay results from the drill programme are expected in the coming weeks.
Julian Babarczy, Executive Chairman of Perpetual Resources commented on the results, “The presence of visible spodumene within large pegmatite intersections from drilling at the SE Anomaly is significant, particularly given the rapid turnaround from initial target generation to discovery. Importantly, the mineralisation remains open along strike and at depth, offering exciting exploration upside. Following receipt of assays, we will assess further potential, but these early signs underscore the scale potential of this emerging lithium target which sits within a prolific lithium jurisdiction.”
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