Accelerate Resources (ASX:AX8) - Managing Director, Yaxi Zhan (left)
Managing Director, Yaxi Zhan (left)
Source: Accelerate Resources
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  • Accelerate Resources (AX8) identifies new targets at its Pilbara lithium project near Marble Bar in Western Australia
  • Following an initial reconnaissance sampling program in late 2021, a second targeted and helicopter-assisted sampling program has been planned for this month, with an expert team already mobilised
  • The helicopter-assisted mapping and sampling program is hoped to target potential lithium, tin, and tantalite mineralisation within pegmatites across the project area
  • Accelerate Resources says its current focus is to establish all necessary approvals and permits required to support a number of drilling campaigns throughout the upcoming field season
  • Accelerate shares are up 13.3 per cent, trading at 5.1 cents

Accelerate Resources (AX8) has identified new targets at its Pilbara lithium project east of Marble Bar in Western Australia.

Following an initial reconnaissance sampling program in late 2021, a second targeted and helicopter assisted sampling program has been planned for later this month, with an expert team already mobilised to the Pilbara.

The helicopter-assisted mapping and sampling program is hoped to target potential lithium, tin and tantalite mineralisation within pegmatites across the 369 square kilometre project area.

Desktop studies also identified priority targets characterised by multiple vein and dyke filled crosscutting structures within the granitic plutons.

Meanwhile, manganese sampling programs have also commenced over the Barramine and Braeside West prospects within the project areas.

The upcoming field program will seek to expand the knowledge base, review previously identified geophysical anomalies from historical diamond exploration, plus collect samples to verify the lithium pegmatite model successfully employed in the immediate region.

Accelerate Resources said its current focus is to establish all necessary approvals and permits required to support a number of drilling campaigns throughout the upcoming field season.

Accelerate was up 13.3 per cent, trading at 5.1 cents at 3:40 pm AEDT

AX8 by the numbers
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