- Askari Metals (AS2) identifies priority areas for its large work program at the Yarrie lithium project in Western Australia
- The company received result from its phase one project-wide lithium mapping and sampling exploration campaign, which included 129 rock samples and 238 stream sediment samples collected across nine tenements
- With the results in hand, Askari highlighted 11 new target areas areas for future exploration campaigns, of which five are considered high priority
- Askari says it will now turn its focus to expediting the granting of certain licences at the Yarrie project to enable future exploration campaigns to begin as soon as possible
- Askari Metals last traded at 39.5 cents on August 10
Askari Metals (AS2) has identified priority areas for its large work program at the Yarrie lithium project in Western Australia.
The company received result from its phase one project-wide lithium mapping and sampling exploration campaign. The results came from 129 rock samples and 238 stream sediment samples collected across nine tenements, with multiple pegmatites mapped.
The results were based on lithium and Lithium–caesium–tantalum (LCT)-type pegmatite pathfinder minerals from a collection of stream sediment samples, soil samples and rock samples.
A review of the geology at Yarrie revealed several structures and geological formations which the company believes may act as potential conduits for lithium-bearing mineralising fluids.
With the results in hand, Askari has been able to highlight areas for future exploration campaigns. More than eleven new target areas have been generated, of which five are considered high-priority, based on the underlying geology, sampled anomalism and structural features.
Askari VP Geology and Exploration Johan Lambrechts said the results underpin the discovery potential of this district-scale opportunity.
“This field campaign has gone one step further and validated what we had previously identified,” Johan Lambrechts said.
“We are well positioned to advance exploration at Yarrie and are focused on expediting the granting of key tenements so that further exploration campaigns can be carried out.”
Askari said it will now turn its focus to expediting the granting of certain licences at the Yarrie project to enable future exploration campaigns to begin as soon as possible, starting with auger and aircore drilling.
Askari Metals last traded at 39.5 cents on August 10.