- Essential Metals (ESS) identifies over 40 lithium targets at its Pioneer Dome lithium project in WA following a recent structural geological study in the area
- Together with other exploration data, the study allowed targets to be defined and ranked by an external consultant, Xirlatem, who reviewed the project
- Essential says it will now continue field mapping and reconnaissance work to delineate a drill plan for the March quarter of 2023
- Meanwhile, the company plans to complete an updated mineral resource in the next three weeks, which will help underpin an ongoing scoping study for the Pioneer Dome project
- Shares in Essential Metals are down 1.06 per cent and trading at 46.5 cents at 3:27 pm AEDT
Essential Metals (ESS) has identified over 40 lithium targets at its Pioneer Dome project in WA following a recent structural geological study in the area
The company said the study highlighted the “substantial exploration upside” outside of the project’s current 11.2-million-tonne (Mt) lithium mineral resource.
The data from the geological study, alongside other exploration data including geophysical surveys and field mapping, allowed the targets to be defined and ranked by an external consultant, Xirlatem, who reviewed the project.
According to Xirlatem, there appeared to be a “very strong” relationship between the late-stage fracture corridors and known LCT pegmatites across the project, particularly where those fracture corridors passed through ultramafic rocks.
“While pressing ahead to get the Dome North lithium mineral resource ready for development, we are very much focused on making new lithium discoveries across a very large and prospective land position in WA’s premier lithium corridor,” Managing Director Tim Spencer said.
“This is an exciting time for Essential as we advance our development to the next level and begin to unlock the broader potential of the Pioneer Dome project.”
Field-checking has already identified several new pegmatites, including a north-south trending pegmatite sub-crop up to 15 metres wide found approximately 13 kilometres south of the Dome North LCT pegmatites and 5 kilometres north of the Sinclair LCT pegmatite.
Essential said it would now continue field mapping and reconnaissance work to delineate a drill plan for the March quarter of 2023.
Meanwhile, the company said it planned to complete an updated mineral resource in the next three weeks, which will help underpin an ongoing scoping study for the Pioneer Dome project.
Essential plans to complete an updated mineral resource in the next three weeks, which will help underpin an ongoing scoping study for the Pioneer Dome project.
Shares in Essential Metals were down 1.06 per cent and trading at 46.5 cents at 3:27 pm AEDT.