- Australasian Metals (A8G) identifies a series of pegmatite swarms present at shallow depth during its latest Deep Ground Penetrating Radar (DGPR) survey work
- The company commissioned its latest DGPR survey work for the Mt Peake lithium project in the Northern Territory’s Northern Arunta pegmatite province
- The anomalies identified include 37 “conventional” pegmatite-like anomalies and 18 tourmaline and/or mica schist anomalies (lithium pegmatite hosts)
- Australasian Metals is also conducting a soil geochemical sampling program aimed at investigating any lithium related element hot areas
- Shares in Australasian Metals were up 4.35 per cent to $0.48 as of 3:37 pm AEDT
Lithium and gold explorer Australasian Metals (A8G) has identified a series of pegmatite swarms present at shallow depth during its latest Deep Ground Penetrating Radar (DGPR) survey work.
The DGPR survey was completed at the Mt Peake lithium project in the Northern Territory’s Northern Arunta pegmatite province, around 200 kilometres north of Alice Springs.
The anomalies interpreted by the survey included 37 “conventional” pegmatite-like anomalies and 18 tourmaline and/or mica schist anomalies (lithium pegmatite hosts), several of which outcrop.
A thick zone in the north was also identified as a possible analogue to Core Lithium’s (CXO) Bismark lithium project less than four kilometres to the northwest.
Managing Director Dr Qingtao Zeng said the results “provided valuable information regarding the potential continuity of the buries lithium mineralisation”.
The survey work covered 32.8-line kilometres over 14 profiles with high resolution sub-metre short spacing capable of mapping very thin quartz veins and pegmatites.
The Mt Peake area of the Anningie Tin-Tantalum-Pegmatite field is considered highly prospective for hard rock lithium mineralisation, covering over 640 square kilometres and shares a boundary with Core Lithium’s Anningie lithium project.
The potential pegmatite swarm beneath the shallow cover is consistent with the company’s current geological understanding of the Mt Peake lithium project in terms of stratigraphic layout and geometry of pegmatite and granite emplacement.
Australasian Metals is also conducting a soil geochemical sampling program aimed at investigating any lithium related element hot areas.
Shares in Australasian Metals were up 4.35 per cent to $0.48 as of 3:37 pm AEDT.