Join our daily newsletter At The Bell to receive exclusive market insights
- Oceana Lithium (OCN) reports high-grade lithium mineralisation close to the surface at its Solonópole project in Brazil
- The results come from samples taken from the Mina Bom Jesus de Baixo pegmatite in the project area and include high-grade assays of up to 3.61 per cent lithium
- Oceana Chairman Gino Vitale says such findings provide further confidence in both the Mina Bom Jesus de Baixo pegmatite and the Solonópole project as a whole
- A 3000-metre RC drilling program is due to begin in March following landowner access permissions
- Oceana shares close 6.94 per cent higher at 38.5 cents on Wednesday afternoon
Oceana Lithium (OCN) has reported high-grade lithium mineralisation close to the surface at the Bom Jesus de Baixo pegmatite within the Solonópole project in Brazil.
The company has identified the largest lithium-caesium-tantalum (LCT) pegmatite zone in the area to date, with samples taken from the Mina Bom Jesus de Baixo pegmatite returning high-grade assays of up to 3.61 per cent lithium
Oceana Chairman Gino Vitale said such findings provided further confidence in the pegmatite and the Solonópole project as a whole.
“Multiple lithium-bearing minerals and potential zonation present in our ground indicate substantial lithium enrichment in this well-recognized LCT pegmatite district,” Mr Vitale said.
“A maiden drilling program is planned to determine the actual dimensions, strike and dip of the Bom Jesus de Baixo pegmatite, which is difficult to map from the surface due to limited outcropping exposures.”
A 3000-metre reverse circulation drilling program will commence in March with an initial focus on the Bom Jesus de Baixo pegmatite, but further exploration will depend on land-owner agreements.
Further details will be announced once a detailed plan has been completed and the drilling contract signed.
Oceana shares closed 6.94 per cent higher at 38.5 cents on Wednesday afternoon.
