Zenith Minerals Limited - New lithium project near Mt Holland lithium discovery
Zenith Minerals (ASX:ZNC) has applied for a new 100% owned exploration licence just to the northwest of Kidman Resources' Mt Holland lithium discovery. The ELA is 204 sq km and surface sampling and mapping is planned to test pegmatite occurences in the first instance.
- New 100% owned exploration licence application at Split Rocks covers 22km of potential strike extensions to the new Mt Holland lithium project in the Forrestania Greenstone Belt as described in recent Kidman Resources Limited announcements;
- An ongoing review of previous exploration activity has to date found the majority of exploration focused solely on gold exploration despite the prevalence of mapped pegmatites in the belt;
- Zenith’s geologists believe that the new application area is prospective for lithium and gold mineralisation; and
- Initial surface mapping and surface sampling to precede planned drill testing.
Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to advise that it has secured a new 100% owned exploration licence application, Split Rocks in the Forrestania Greenstone Belt of Western Australia. The area was applied for in early March 2016 following the recognition by the Company that the region contained lithium enriched granites, and was subsequently replaced by a larger, expanded exploration licence application (204 sq km) following the announcement by Western Areas Limited (ASX quarterly report released 22nd April 2016) of lithium mineralisation in drilling at Mt Hope and South Ironcap in the Forrestania Belt, and Kidman Resources Limited’s recent lithium announcements.
The Split Rocks licence is located 10km northwest of the new Earl Grey lithium pegmatite discovery announced by Kidman Resources Limited (ASX release 15th July 2016) where reported drill intercepts include: 52m @ 1.53% Li2O and 45m @ 1.81% Li2O. The licence is also located 5km north along the interpreted strike of the Van Uden-Tasman pegmatites identified by Kidman as high-priority lithium targets (Figure 1).
Compilation of historic exploration activity over the licence area is ongoing but to date the majority of previous exploration activity reviewed is surface sampling focused solely on gold exploration, with no evidence of any lithium analyses during past exploration programs, nor any significant bedrock drilling programs.
Zenith’s geologists believe that the new application area is prospective for lithium as well as gold mineralisation. The Forrestania Greenstone Belt is intruded by abundant pegmatite dykes, many of which are now being shown to be lithium (spodumene) rich. Following completion of the review of past exploration, initial surface mapping and sampling is planned prior to drill testing.