Li3 Finds Large Base Metal Zone In Murchison
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Li3 Finds Large Base Metal Zone In Murchison

byThe Assay
3 years ago
Reading Time: 1 min read
Li3 Finds Large Base Metal Zone In Murchison

Ballarat Australia June 25th 2014 : Close up view of a prospectors pick axe in a belt holster

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.

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