{"id":4038,"date":"2024-01-05T01:23:35","date_gmt":"2024-01-05T01:23:35","guid":{"rendered":"https:\/\/economicherald.net\/?p=4038"},"modified":"2024-01-05T01:23:35","modified_gmt":"2024-01-05T01:23:35","slug":"lord-rides-high-in-the-saddle-chasing-fractionated-pegmatites-at-horse-rocks","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4038","title":{"rendered":"Lord rides high in the saddle, chasing fractionated pegmatites at Horse Rocks"},"content":{"rendered":"

Assays from Lord Resources\u2019 November drilling at the Horse Rocks lithium project are in
\nResults indicate promising signs to the NW of the project in a hotspot lithium hunting ground
\nGround exploration, mapping and further sampling in that direction on the cards<\/p>\n

\u00a0<\/p>\n

Special Report<\/em>: Minerals explorer Lord Resources (ASX:LRD) has news from its promising, Mineral Resources-surrounded Horse Rocks lithium project in WA, confirming an extensive swarm of fractionated pegmatites with down-dip orientation. <\/strong><\/p>\n

All assays have now been received by the company\u2019s Phase 2 RC drilling at the Horse Rocks project, which is 20km south of Coolgardie in Western Australia.<\/p>\n

And the overall assessment supports the idea that a larger spodumene-dominated target could be nearby.<\/p>\n

Pegmatite lithium deposits are typically associated with high fractionation, which is the inherent geological process in which the crystals are separated from magma.<\/p>\n

And by the looks of things, that peggie fractionation is increasing to the north-west of the site (see below) outwards from the source granite and in an unexplored area. Promising signs for LRD.<\/p>\n

Horse Rocks drill collars, coloured by max Li2O value in hole. Yellow circle denotes Phase 2 RC hole. Pic: Supplied (LRD)<\/p>\n

Horse Rocks is in an emerging lithium \u2018super-province\u2019\u2013\u00a0 home to majors including Mineral Resources (ASX:MIN), Essential Metals (ASX:ESS) and Liontown Resources (ASX:LTR).<\/p>\n

In fact, the LRD project is within just 8km of Mineral Resources huge, operating Mt Marion lithium mine and is also surrounded by other ground held by the Chris Ellison-led company.<\/p>\n

Also within a peggie throw or two, there\u2019s the Bald Hill lithium mine and processing plant acquired by Mineral Resources last year, and Liontown Resources\u2019 undeveloped Buldania project.<\/p>\n

This is clearly world class lithium territory.<\/p>\n

\u00a0<\/p>\n

Further details<\/h2>\n

A 15-hole (totalling 2,779m) RC drilling program was completed in November 2023 at Horse Rocks and with those results in, the company highlights the following:<\/p>\n

\u201cMultiple stacked pegmatites, displaying extensive strike and down dip orientation.\u201d
\n\u201cStrong fractionation, vectoring towards the northwest, where there is little outcrop.\u201d<\/p>\n

The latest assays include 0.25% Li2O, 613ppm Cs2O and 87ppm Ta2O5.<\/p>\n

From these results, one of Lord\u2019s chief takeaways regards the elevated pathfinder elements (elements\u00a0 \u2013 caesium and tantalum), which it notes is an excellent indicator of strong, economically conducive mineralisation nearby.<\/p>\n

LRD\u2019s MD Barnaby Egerton-Warburton said:<\/p>\n

\u201cDrilling to date has confirmed that the swarm of stacked pegmatites at Horse Rocks extends over an area of at least 1,100m by 500m, with the fractionation increasing\u00a0 towards\u00a0 the northwest.<\/p>\n

Also worth mentioning \u2013 the pegmatite intrusions have consistently low ratios of potassium to rubidium (K\/Rb), and potassium to caesium (K\/Cs) \u2013 indicators of lithium mineralisation.<\/p>\n\n

\u00a0<\/p>\n

North by northwest<\/h2>\n

Naturally then, this is the direction LRD will be heading next at the project.<\/p>\n

\u201cThe next stage of exploration will likely focus on the soil-covered northwestern extension of the swarm,\u201d continued Egerton-Warburton.<\/p>\n

Ground exploration in this area will also include mapping and further rock sampling operations.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/em><\/p>\n

This article was developed in collaboration with Lord Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Lord rides high in the saddle, chasing fractionated pegmatites at Horse Rocks<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Assays from Lord Resources\u2019 November drilling at the Horse Rocks lithium project are in Results indicate promising signs to the NW of the project in [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4039,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nLord rides high in the saddle, chasing fractionated pegmatites at Horse Rocks - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4038\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lord rides high in the saddle, chasing fractionated pegmatites at Horse Rocks - 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