- Kalamazoo Resources (KZR) kicks off maiden reverse circulation (RC) drilling across its Marble Bar and DOM’s Hill projects in the Pilbara region of Western Australia
- The lithium projects are part of the company’s joint venture agreement with Chilean lithium producer Sociedad Química y Minera de Chile S.A
- An initial 4000 metres of drilling is planned at Marble Bar to test outcropping pegmatites and around 1000 metres will be completed at DOM’s Hill targeting three prospects
- At the same time, field reconnaissance and geological mapping of identified soil geochemistry anomalies across the project areas continues
- At market close, company shares are trading grey at 19 cents
Kalamazoo Resources (KZR) has kicked off the first round of reverse circulation (RC) drilling across its lithium projects in the Pilbara region of Western Australia.
Work is planned at both the Marble Bar and DOM’s Hill projects which are part of an exploration joint venture agreement with Chilean lithium producer, Sociedad Química y Minera de Chile S.A. (SQM).
SQM is working towards earning an initial 30 per cent interest in all mineral rights of both projects, with the ability to earn up to 70 per cent, by sole funding $12 million for exploration and development activities over the next four years.
With all required Government permits and cultural heritage surveys completed, drilling has begun testing several high priority targets across the Marble Bar project.
Around 4000 metres of drilling is planned to test outcropping lithium-mineralised pegmatite dykes recorded across four prospects.
KZR believes the project is highly prospective for lithium-caesium-tantalum mineralisation given its proximity to the Moolyella Monzogranite and location along the margin of a tin and tantalum alluvial field.
Additionally, recently completed field mapping and surface sampling activities identified numerous outcrops of pegmatite dykes and returned rock samples containing up to 1.6 per cent lithium and 372 parts per million tantalum.
Once this round of drilling is complete at Marble Bar, the rig will mobilise to the company’s DOM’s Hill project to undertake around 1000 metres of RC drilling.
Here, drilling will target three prospects defined by soil geochemistry anomalies and favourable structures.
At the same time, field reconnaissance and geological mapping of identified geochemistry anomalies across the project will continue.
At market close, shares were trading grey at 19 cents.