Perth-based explorer Metalicity has identified new Lithium targets at the world class Pilgangoora Lithium district, which is 10km from Altura Mining and Pilbara Minerals’ projects in the Pilbara, Western Australia.
Field work at two target areas covering the Pilgangoora “greenstone belt” confirmed several pegmatites hosting anomalous lithium.
Metalicity acquired the Pilgangoora North project from Fortescue Metals Group at the start of 2017.
Matt Cauci, Metalicity managing director, said “the company’s exploration program had confirmed the likely source granite for many pegmatites, with rare-element geochemical structures, as well as providing information to support further exploration of two target areas for lithium-bearing pegmatites”.
Based on these promising results we can expect to see more drilling activity from Metalicity in the future.
Metalicity has identified two lithium pegmatites covering over 8km of strike at its Pilgangoora North project in the Pilbara. https://t.co/fU0U5widQX
— Matt Birney & Bulls N Bears (@BullsNBearsWA) July 4, 2018
Lithium targets identified by Metalicity Ltd #ASX:$MCT at Pilgangoorahttps://t.co/eEnizz9JDf#lithium #mining #metals #miningstocks #lithiumstocks #energystocks #stocks #investing #investors #markets #energy #lithiumion #EVs
— Resource Exploration (@ResourceExpNews) July 4, 2018