Lithium Consolidated Ltd (ASX: Li3) has identified a large coincident Base Metals zone in its large Mount Magnet and Yalgoo mineral fields in the Murchison Province of Western Australia.
The zone was discovered during a current exploration programme of the company’s landholding of 510 sq. km, where the company has mapped and sampled a newly-identified 25 km long greenstone belt.
The company is now planning a follow-up follow up infill programme for gold and base metals after above-background gold was identified along five km of strike.
A coincident copper, lead and zinc zone was identified in the north-western area of the tenement from hand auger sampling.
The company’s Warriedar Project is flanked by greenstones and volcanics and a possible intrusion related gold system (IRGS) in the south-western corner. The adjacent area has been surface sampled with grades up to 8 g/t Au.
Reported historical production at the Warriedar Mining Centre and State Battery in the period 1913 – 1935 was at an average grade of 10.7g/t Au. The Warriedar Mine produced copper between 1958-1969 at a grade of 9.83% Cu.