- Aurumin (AUN) intersects anomalous lithium and pathfinder elements from first-pass orientation drilling at its Mt Palmer project in Western Australia
- A total of 12 reverse circulation holes were drilled to target lithium-bearing pegmatites at the Vickers Find South B target
- Low level lithium anomalism was encountered across multiple holes with grades ranging from 100 parts per million (ppm) to up to 370 ppm lithium
- Additionally, desktop XRF analysis encountered up to 3612 ppm rubidium, 105 ppm tantalum and 79 ppm niobium
- Aurumin is down 19.4 per cent on the market with shares trading at 14.5 cents at 2:07 pm AEST
Aurumin (AUN) has intersected anomalous lithium and pathfinder elements from first-pass orientation drilling at its Mt Palmer project in Western Australia.
The first-pass reverse circulation (RC) drilling program drilled 12 holes to target lithium-bearing pegmatites at the Vickers Find South B target.
A total of 1212 metres were drilled along three north-south lines.
Low level lithium anomalism was encountered across multiple holes with grades ranging from 100 parts per million (ppm) to up to 370 ppm lithium.
Further, geological logging showed differing percentages of feldspar and mica with minor garnet also observed.
Due to a delay at the laboratory, a preliminary assessment of the pegmatites was undertaken by desktop XRF analysis.
This returned up to 3612 ppm rubidium, 105 ppm tantalum and 79 ppm niobium, highlighting the prospectivity of the pegmatite.
As some of the holes could not be properly drilled due to water containment issues, a few holes may be extended by diamond drilling in the next program.
“For a first pass, we are encouraged to have intersected multiple pegmatite units with an indication of fertility for lithium,” Managing Director Brad Valiukas said.
“The pegmatites are fractionated, and we are developing the vectors to hone in further. We have other promising target areas untested with drilling pending as well as targets at depth.
“Environmental works to allow further PoWs (drill permits) are now completed and we expect to be back active on the ground at Mt Palmer in the next couple of months.”
Aurumin was down 19.4 per cent on the market with shares trading at 14.5 cents at 2:07 pm AEST.