- Reach Resources’ (RR1) phase one drilling at its Morrissey Hill lithium project in WA has proven a success
- The company hit pegmatites in every hole, a common host rock for lithium
- Assays are due back in October with visual identification already logged
- The company is now carrying out diamond drilling to test how deep mineralisation goes before cattle mustering starts
- RR1 shares are up 3.85 per cent, trading at 1.4 cents at 11:21 am AEST
Reach Resources (RR1) has intersected multiple thick stacked pegmatites at its Morrissey Hill lithium project in Yinnetharra, Western Australia.
The phase one drilling results have substantiated the team’s suspicions that hard rock lithium systems exist underground at Morrissey Hill, with target pegmatites encountered in every hole drilled.
Notably, at least one individual drill intercept spanned up to 30 metres in length. Reverse circulation (RC) rigs were employed to assess near-surface mineralisation, with the key indicator being pegmatite outcrop rock.
Deeper diamond drill holes are now in progress to ascertain the extent and orientation of the mineralisation below the surface. Assay results are anticipated in early October.
There is a sense of urgency with the diamond drilling, as the area where Reach is operating is utilised as agricultural land for cattle mustering at certain times of the year.
Reach also highlighted the geological similarities between its site and that of Delta Lithium’s (DLI) neighbouring Malinda lithium project.
However, it’s important to note that, thus far, only visual observations have been relied upon to identify pegmatite mineralisation, and investors are advised to await the assay results.
“We’re pushing hard to gather as much information as we can prior to the commencement of Yinnetharra Station’s annual cattle mustering program which will see our phase one drilling campaign take a break on the 10th of September,” RR1 CEO Jeremy Bower said.
“We are very happy to confirm that the outcropping pegmatites are being repeated with substantial widths at depth within the right host rocks.”
RR1 shares were up 3.85 per cent, trading at 1.4 cents at 11:21 am AEST.