Mapping Identifies New Pegmatite Outcrops, Up To 100m In Strike Length Across Eastern Goldfields Project Areas

Mapping Identifies New Pegmatite Outcrops, Up To 100m In Strike Length Across Eastern Goldfields Project Areas

Forrestania Resources Limited (ASX:FRS) (Forrestania or the Company), is pleased to provide an update on activities at its Eastern Goldfields project area located north of Coolgardie and north of Kalgoorlie, around the gold mining districts of Leonora, Coolgardie and Menzies (see figure 1). The Eastern Goldfields project area comprises eighteen tenements (eight ELs and ten EL applications) that are strategically located over areas that the Company believes are highly prospective for multi-commodities, particularly lithium, gold, REE and copper.


Highlights:

  • Fieldwork underway on highly prospective Eastern Goldfields tenements, following recently announced agreement with Outback Minerals Pty Ltd1.
  • Multiple outcropping pegmatites, up to ~100m in strike length, mapped at the Breakaway Dam / Alexandra Bore project area (E29/1037), contiguous to Forrestania’s existing tenement position. The recently acquired tenements have never previously been explored for lithium.
  • Outcropping pegmatites also mapped at the Bonnie Vale project area (E15/1632), near Coolgardie.
  • Mapping and sampling will continue to assist in defining targets for a maiden drilling programme.
Forrestania Resources’ Managing Director Michael Anderson commented:

“The rationale for entering into the option agreement with Outback Minerals already appears to be justified. The confirmed presence of multiple pegmatite outcrops, some up to ~100m in strike length, provides us with additional confidence in the discovery potential on these tenements. We are prioritising our activities to prepare for a maiden drilling programme, as soon as possible.”

Discussion:

The Company has recently completed a mapping and reconnaissance field trip to the newly acquired Eastern Goldfields tenements. The focus of the trip was to further enhance the Company’s geological understanding of the project areas, as well as to further assess the potential for lithium mineralisation.

The newly acquired tenements (Alexandra Bore / Breakaway Dam project (E29/1037 and E29/1036) have never previously been explored for their lithium potential, with previous historic exploration instead focussed on copper, gold and nickel, despite the known presence of pegmatites.

The Bonnie Vale project area (E15/1534 and E15/1632) has also never been explored for its lithium potential, with previous explorers focussing on the tenement’s gold prospectivity.

Mapping and field work is on-going, but the company is pleased to announce that additional pegmatites have been mapped at both project areas, specifically on E29/1037 and E15/1632.

Figure 1: The Eastern Goldfields project area (recent acquisitions highlighted in blue)

Alexandra Bore / Breakaway Dam Project (E29/1037 and E29/1036) and Balarky Prospect (E29/1158)

The Company recently completed a mapping and reconnaissance field trip to the newly acquired Alexandra Bore / Breakaway Dam project area (see Figure 2).

Pegmatites have previously been mapped by the company at the Alexandra Bore / Breakaway Dam project areas1 and ongoing field reconnaissance is currently underway.

Significantly, additional pegmatite outcrops have recently been mapped at surface by Company geologists, with outcropping pegmatites ranging from ~43m and up to ~100m in strike length (see Figures 3, 4, 5 and 6). These pegmatites were located approximately 300m apart and have never previously been tested for lithium or LCT pathfinder minerals. Indeed, the Alexandra Bore / Breakaway Dam project area has only previously been explored for copper and gold1 and the potential for lithium mineralisation has yet to be fully evaluated. Importantly, these outcrops are all located within the mapped greenstone or close to greenstone/granite contacts (as interpreted by GSWA).


Click here for the full ASX Release

This article includes content from Forrestania Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Sort by
Map of China outline with Chinese flag superimposed.

Chinese Firm Halts Lithium Tech Exports as Global Supply Chain Shifts Accelerate

A Chinese company has halted exports of filtration equipment used in lithium extraction, reflecting the impact of Beijing’s proposed restrictions on battery and lithium technology exports.

Jiangsu Jiuwu Hi-Tech (SZSE:300631) informed customers last month that it would stop exporting a key lithium-processing component known as a sorbent starting on February 1, Reuters reported on Tuesday (February 18).

The news outlet notes that the move signals Chinese manufacturers are adjusting their practices even before Beijing’s proposed export controls have been formally implemented.

Keep reading...Show less
Lithium Universe

LU7 Announces Strategic Partnership with Polyechnique Montréal

Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7”) is pleased to announce the signing of a Memorandum of Understanding (MOU) with La Corporation de l’École Polytechnique de Montréal (Polytechnique Montréal). Lithium Universe Limited and Polytechnique Montréal have entered into a strategic partnership aimed at advancing lithium processing technologies and strengthening the local supply chain for critical battery materials in Canada. The collaboration, outlined in a Memorandum of Understanding, seeks to enhance education, research, and innovation in areas of mutual interest, with a primary focus on building Canadian expertise in the lithium battery sector.

Keep reading...Show less
Lithium-ion batteries.

Arizona Lithium Updates Development Plan for Prairie DLE Facility, Outlines Modular Approach

Arizona Lithium (ASX:AZL,OTCQB:AZLAF) provided an update on development plans for its Prairie lithium brine project, saying the Saskatchewan-based asset will be brought into production in three phases.

The company said on February 6 that Phase I will involve the start of production at Pad #1. It will use a commercial-scale direct lithium extraction (DLE) unit that can produce 150 tonnes of lithium carbonate equivalent annually.

The goal is to process brine at about 1,000 cubic meters a day to ensure the system works under real conditions. Arizona Lithium said it will use the resulting product to de-risk end market opportunities.

Keep reading...Show less
Chariot Corporation (ASX:CC9)

Chariot Corporation


Keep reading...Show less

Latest Press Releases

Related News

×