Livewire Exploration Watch
Core Exploration has reported a “significant lithium discovery” from a series of inclined holes beneath historic tin-tantalum workings at its Finniss prospect near Darwin. Four RC holes each reported thick intervals of pegmatite with spodumene mineralisation. Hole FRC003 reported a 34 metre thick interval grading 1.6% LiO2, including 7 metre, 4 metre and 3 metre intervals from 79 metres, each grading 2.0% LiO2. A hole drilled to test the same zone from the other side of the pit intersected 15 metres at 1.15% LiO2. The intersections occur beneath a deep zone of weathering. S2 Resources reported that eight RC and a single diamond drill hole directed adjacent to an earlier very high grade result at its Monsoon prospect failed to intersect gold mineralisation. The earlier results now appear to reflect a tightly controlled zone of gold mineralisation unlikely to support a commercial resource. Sovereign Gold Companyis commencing a test drill program at its Chappais Lake hard rock lithium prospect, originally trenched and mapped over 50 years ago, in a region of Quebec with multiple lithium prospects and developments.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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