- Javelin Minerals (JAV) identifies 48 priority targets from recently acquired aeromagnetic and radiometric data at the Mt Ida-Ida Valley region near Leonora, WA
- The Geological Survey of Western Australia reported the highest lithium value of 30 parts per million for the entire Leonora area is within the company’s locality
- So far, 441 soil and outcrop samples have been submitted for analysis from a total of approximately 600 anticipated to be collected
- Analyses results are expected in late December or January 2023 when the full results will be reviewed
- Shares in Javelin are up 50 per cent to close at 0.2 cents
Javelin Minerals (JAV) has identified 48 priority targets from recently acquired aeromagnetic and radiometric data at the Mt Ida-Ida Valley region near Leonora, WA.
The project lies within the Eastern Goldfields region of the Archaean Yilgarn Block and currently comprises of 18 exploration licences (EL) and EL applications.
To date, exploration activities by Javelin have taken the form of targeting and target prioritisation with various field visits having already been conducted over localities considered amenable to soil sampling.
Though most of the project area is considered unfavourable for conventional soil or lag sampling, the Geological Survey of Western Australia reported the highest lithium value of 30 parts per million for the entire Leonora area is within the company’s locality.
In September, the company collected a series of minus 80 mesh soil samples as a prelude to further field work being conducted over the locality within the project.
So far, 441 soil and outcrop samples have been submitted for analysis from a total of approximately 600 anticipated to be collected.
Analyses results are expected in late December or January 2023 when the full results will be reviewed.
“Whilst it’s early days for our new Javelin Mt Ida‐Ida Valley project, I am pleased that we have captured a potentially robust REE target in our kimberlite and carbonatite locality on E 29/1134 and 1135,” Executive Director Matthew Blake said.
“Additionally, we have some excellent geophysical targets to follow up lithium, REE and precious and base metals exploration over the coming month.”
Mr Blake confirmed, however, many targets can only be fully tested with drilling which is planned for the first or second quarter of 2023 because of the outcrop scarcity.
Shares in Javelin were up 50 per cent to close at 0.2 cents.