Deep South Lithium Prospect (100% Venus):
Phase 1 Reverse Circulation (RC) drilling programme tested areas with outcropping lithium-rich pegmatites and distinct soil geochemical anomalies in areas with shallow soil cover.
- Significant intersections of high-grade lithium pegmatite at
24m @ 1.71% Li2O, including 14m @ 2.54% Li2O (0-14m) (VMC220)
15m @ 1.34% Li2O, including 8m @ 2.19% Li2O (0-8m) (VMC209)
7m @ 1.54% Li2O, including 3m @ 2.89% Li2O (1-4m) (VMC224)
- High-grade lithium pegmatite intersected at
2m @ 4.09% Li2O (0m-2m) (VMC212)
3m @ 1.89% Li2O, including 1m @ 4.06% Li2O (16-17m) (VMC213)
- The lithium pegmatites are locally strongly enriched in tantalum (up to 1439 ppm Ta2O5). The drilling results confirm
Penny East Lithium Prospect (100% Venus):
- A reconnaissance soil geochemical survey was conducted at Penny East on tenement E57/1128, located 20km Northeast from the Company's Deep South Lithium Prospect. A distinct lithium soil anomalies (greater than or equal to110ppm Li2O, up to 182ppm Li2O) identified from the ultrafine (UF) soil sampling programme and the main geochemical anomaly is 800m long and up to 600m wide (refer ASX release
- A follow-up field sampling and shallow drilling at Penny East is being prepared to coincide with planned exploration at the Company's Deep South Lithium Deposit.
- Recent soil geochemical surveys define a distinct north-northeasterly trending and broadly 200m wide bismuth-molybdenum anomaly. The survey covers a historic mine shaft near outcropping quartz-malachite veins at Black Range West where rock chip samples returned up to 6.34% copper in association with bismuth (up to 2034ppm Bi), silver (up to 40.2 ppm Ag) and gold (up to 0.25ppm Au).
- Further fieldwork is planned to investigate potential links with granite-related Cu-Au style mineralisation.
*To view the full Quarterly Report, please visit:
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Investor Relations
Tel: +61 408 228 889
lucas@corporatestorytime.com
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