Dakota Minerals - Phase Two Drilling Commences at Lynas the Find Lithium Project
Phase two drilling at Dakota Mineral's (ASX:DKO) Lynas Find lithium project in the Pilgangoora region of Western Australia has commenced and is looking to define a maiden resource focused around the Central Pegmatite area. Drilling is expected to be completed within 4-6 weeks with results to follow. The campaign will also test extensions to the west and north-east as well as some reconnaissance RC holes to drill-test newly identified, spodumene-bearing pegmatites to the south.
- Phase Two drilling programme has commenced at the Lynas Find Lithium Project
- Programme duration expected to be four weeks, for an anticipated 4,000m of drilling
Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to announce the commencement of its phase two drilling programme at the Lynas Find Lithium Project, in the Pilgangoora region of Western Australia. The main purpose of the drilling is to define a maiden resource in the Central Sector at Lynas Find, focused around the Central Pegmatite area and its extensions to the west and north-east (Figure 2). Some reconnaissance RC drilling will also be conducted to drill-test newly identified, spodumene-bearing pegmatites to the south of the Central Pegmatite.
Drilling is expected to be completed within 4-6 weeks and results will be reported when available.
Lynas Find Lithium Project
Dakota’s Lynas Find lithium project, to which Dakota has 100% rights, is located on and in the vicinity of an extensive lithium-tantalum bearing pegmatitic dyke swarm. Peer activity in the immediate area known as Pilgangoora, includes Pilbara Minerals Limited (ASX:PLS) and Altura Mining Limited (ASX:AJM), which have both discovered significant lithium and tantalum resources in recent times. Pilbara Minerals has identified a total Indicated and Inferred resource of 80.2Mt @ 1.26% Li2O and 32.9Mt @ 0.022% Ta2O5. On a neighbouring property, Altura Mining has identified an Indicated and Inferred resource of 35.7Mt @ 1.05% Li2O. Following recent exploration activity, the Pilgangoora area has been confirmed to contain one of the world’s largest hardrock lithium deposits, mostly in the form of the mineral spodumene.