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- Bulletin Resources (BNR) identifies over 50 new pegmatite targets at the Ravensthorpe lithium project in Western Australia
- The company defined the new zones through light detection and ranging (LIDAR) and high resolution aerial imagery
- Bulletin says the survey demonstrated a high likelihood of uncovering further pegmatite outcrops along the Eastern Pegmatite trend
- The company says drilling of the Eastern Pegmatite trend remains a priority and it will continue to work to secure regulatory approvals
- Bulletin Resources is up four per cent and trading at 13 cents at 1:23 pm AEDT
Bulletin Resources (BNR) has identified over 50 new pegmatite targets at the Ravensthorpe lithium project in Western Australia.
The company defined the new zones through light detection and ranging (LIDAR) and high resolution aerial imagery.
Bulletin said LIDAR has been previously used in the region before by other companies as a key exploration tool for the discovery of pegmatites.
The survey identified numerous new pegmatite targets, lying along strike of the known spodumene bearing Big and Deep Purple pegmatites, where rock chip grades up to 7.04 per cent lithium oxide were collected.
Bulletin said the survey demonstrated a high likelihood of uncovering further pegmatite outcrops along the Eastern Pegmatite trend.
The company told investors drilling of the Eastern Pegmatite trend remains a priority and it will continue to work to secure regulatory approvals.
In conjunction with this approval process, on-ground mapping and sampling of the new LIDAR target areas will be undertaken to identify and categorise new pegmatites.
Bulletin Resources was up four per cent and trading at 13 cents at 1:23 pm AEDT.
