- Castle Minerals (CDT) wraps up a soil sampling program at its Woodcutters lithium project in Western Australia
- The maiden campaign included 937 soil samples to test for the presence of lithium-bearing pegmatites
- The samples have been sent for testing, with assays and results expected in May
- Woodcutters, together with the Bald mine, Liontown Resources’ (LTR) Buldania lithium deposit and Mineral Resources (MIN) Mt Marion mine, form the “Western Australia Lithium Corridor”
- CDT is up 4.8 per cent and trading at 2.2 cents at 11:40 am AEDT
Castle Minerals (CDT) has completed a soil sampling campaign at its Woodcutters lithium project in Western Australia.
The company collected 937 soil samples to test for the presence of lithium-bearing pegmatites.
The maiden campaign covered a 10-kilometre southeast-trending zone in the north of where GSWA (Geological Survey of Western Australia) previously identified multiple pegmatite outcrops. They have not been drilled previously.
CDT said the area also contained one of a number of anomalous zones on its licenses of coincident lithium and lithium indicator elements.
The company said Woodcutters was “favourably” located near several mapped granite ‘source’ intrusions.
“Woodcutters is a credible, early-stage opportunity to identify lithium-bearing pegmatites in a region whose lithium credentials are already confirmed by the Bald Hill mine and Buldania deposit,” Castle Managing Director Stephen Stone said.
The project is located nearby the Bald mine, Liontown Resources’ (LTR) Buldania lithium deposit and Mineral Resources (MIN) Mt Marion mine, forming what is referred to as the “Western Australia Lithium Corridor.”
Samples from the soil campaign have been sent for testing, with assays and results expected in May 2023.
Moving forward, Castle plans to carry out an aircore drill program, if required, over areas of colluvium with anomalous lithium and other indicator elements to confirm the presence of pegmatites below the areas of cover.
Additionally, an RC drilling program will be conducted to determine the full extent of any confirmed mineralisation, followed by further soil sampling over other highlighted areas of coincident lithium and lithium indicator element anomalies.
CDT shares were up 4.8 per cent and trading at 2.2 cents at 11:40 am AEDT.