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- ActivEX (AIV) encounters “encouraging” lithium results at the Mt Hogan tenement within the Dividend Gully prospect in North Queensland
- All up, 21 rock samples and 145 soil samples were collected across Dividend Gully to follow up the initial sampling program carried out in July
- Overall, up to 2217 ppm lithium oxide, 1805 rubidium oxide, 10,000 ppm bismuth, 53.3 g/t gold and 80.2 g/t silver was encountered
- The company says the results highlight the potential for pegmatite and micaceous metasediment lithium mineralisation as well as open up stratigraphically similar areas at the Georgetown and Gilberton projects
- Shares in ActivEX last traded at five cents on October 16
ActivEX (AIV) has encountered “encouraging” lithium results at the Mt Hogan tenement within the Dividend Gully prospect in North Queensland.
All up, 21 rock samples and 145 soil samples were collected across Dividend Gully with 84 samples selected for lithium and multi-element analysis.
This program was a follow up to the initial rock sampling program that was carried out in July and returned up to 1012 parts per million (ppm) lithium oxide.
Five of the new lithium rock results exceeded 1000 ppm lithium oxide and peaked at 2217 ppm lithium oxide, while six of the rubidium rock results exceeded 1000 ppm rubidium oxide and peaked at 1805 rubidium oxide.
Additionally, up to 53.3 grams per tonne (g/t) gold, 80.2 g/t silver, 10,000 ppm bismuth, 1375 ppm copper, 2400 ppm lead and 1270 ppm barium was returned.
These results highlight the potential for pegmatite and micaceous metasediment lithium mineralisation as well as open up stratigraphically similar areas at the Georgetown and Gilberton projects for future exploration programs.
“The occurrence of medium to coarse grained pegmatites that have been emplaced into micaceous metasediments with lithium oxide in rock results of up to 0.2 per cent lithium oxide is an encouraging sign for lithium exploration across the Mt Hogan tenement,” Managing Director Mark Derriman commented.
ActiveEX has mobilised a field team to the Georgetown project to follow up the encouraging critical metals and gold results. The company is also reviewing the Dividend Gully results and how that will impact on a broader search for lithium within the Gilberton project.
Shares in ActivEX last traded at five cents on October 16.
