Zenith Minerals (ASX: ZNC) is pleased to provide an update on the Waratah Well Lithium – Tantalum drill program.
- Drill contractor secured to test large-scale lithium-cesium-tantalum (LCT) pegmatite target at the 100% owned Waratah Well project in Western Australia.
- Extensive outcropping highly fractionated, prospective LCT pegmatite dykes with very high-grade tantalum (up to 1,221 ppm Ta2O5) and local high-grade lithium (up to 2.09% Li2O) extending over large surface area (3km x 2km).
- A total of 7 initial wide-spaced (1km spacing), 200m deep RC drill holes is scheduled to commence in early Dec-21. Drilling is anticipated to take approximately 2 weeks to complete with assay results anticipated 3 to 4 weeks thereafter.
- Drilling will target conceptual deeper lithium (spodumene) bearing pegmatites below the surface tantalum-lithium rich pegmatite dyke swarm, like zonation observed in other lithium deposits in Western Australia.
Commenting on the Waratah Well drill program CEO Mick Clifford said:
“Notwithstanding that the Waratah Well Lithium – Tantalum project is not a core component of our base and precious metals development strategy, to appropriately understand its value and potential a small low-cost drill program is being undertaken. If the conceptual target is confirmed, we can then decide on the most appropriate way forward for the project. Like copper, lithium continues to develop as a core piece of a greener electrical energy future. Tantalum has many everyday applications and remains in high demand. The project has many strategic positives with our 100% ownership giving us ultimate flexibility as to its future.”