A 3.5km-long lithium anomaly has been identified
Heritage agreement signed and program of works approved for Stage 1 drilling of North Dam
RC drilling to commence this quarter across multiple targets
Special Report: A Geochemical soil program across CuFe’s North Dam project has extended the project’s known lithium anomalies to 3.5km in strike and created multiple targets for a Stage 1 RC drill program to kick off this quarter.
CuFe’s (ASX:CUF) North Dam project lies between Mineral Resources’ (ASX:MIN) Mt Marion lithium mine and Develop’s (ASX:DVP) Pioneer Dome lithium project in the WA Goldfields’ booming lithium corridor.
Gearing up for Stage 1 drilling
A pivotal heritage protection agreement has been signed to allow Stage 1 RC drilling across the identified lithium mineralisation and the project’s program of works (PoW) has been approved.
Targets are based off a February tenement-wide soil sampling program that targeted historical and new areas of the project using 100m x 400m spacing which showed widespread anomalous lithium concentrations of more than 100ppm and up to 349ppm.
Soil sample results showing the 3.5km-long strike length of Li2O mineralisation. Pic: CUF
“The results of the recent soil geochemical program are very exciting and have both extended the area of anomalous Li2O and provided the team additional information to refine the Stage 1 drill targets,” CuFe exec director Mark Hancock says.
“We are also pleased to have entered a Heritage Protection Agreement with the Marlinyu Ghoorlie Native Title claimant group to facilitate our exploration activities at the project and we thank them for their support and look forward to a mutually beneficial relationship in the region.
“Pending the execution of drilling-specific heritage surveys, we will be on track to commence drilling this quarter.
“The potential for a significant lithium system within the Spargoville and North Dam region is growing with a number of junior participants actively exploring in the region, many in partnership with other major players.”
The RC program will target key pegmatites that have been defined with reference to soil anomalies, rock chip samples and outcrop mapping. A heritage survey of proposed drill pads is currently being scheduled.
Drilling is expected to commence this quarter.
This article was developed in collaboration with CuFe, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Lithium drilling poised to begin as CuFe lines up 3.5km of targets appeared first on Stockhead.
