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- Aurumin (AUN) commences drilling, with a focus on lithium, at its Mt Palmer project in Western Australia
- The drilling comprises four diamond holes at its project, 40 kilometres southeast of Southern Cross in WA
- AUN MD Brad Valiukas says the project shows “great potential” for lithium mineralisation
- Drilling is being co-funded through the EIS funding agreement announced previously
- Aurumin last traded at 2.6 cents
Aurumin (AUN) has commenced drilling, with a focus on lithium, at its Mt Palmer project in Western Australia.
The drilling is designed to identify and explore lithium-bearing pegmatites at the project, which is located 40 kilometres southeast of Southern Cross in WA.
“Mt Palmer is prospective for lithium mineralisation and shows great potential, remaining unfinished business for the company since we announced results from orientation drilling in June last year,” AUN Managing Director Brad Valiukas said.
“We are excited to be drilling these holes, and look forward to the results and updating the market.”
Previous drilling in proximal areas primarily focused on gold exploration, resulting in the identification of pegmatites up to 40 metres thick.
Aurimin’s holes focused on geochemical multielement anomalism, with lithium results reaching up to 146 parts per million (ppm) and tantalum results of up to 391 ppm.
The first of four diamond holes targeting lithium-bearing pegmatites started this morning.
The company previously announced that it would claim up to 50 per cent of direct drilling and mobilisation costs – up to $150,000 – through the Exploration Incentive Scheme (EIS).
Aurumin was last trading at 2.6 cents.
