Askari Metals Limited (ASX: AS2) has completed a field reconnaissance and sampling exploration programme at the recently acquired Red Peak Lithium Pegmatite Project, located approximately 130km NW of the mining-town of Meekatharra, Western Australia.
During the initial reconnaissance programme, the company visited four different pegmatites located across the Red Peak project area and collected a total of 35 individual samples. Assay results are awaited, and representative samples have been prepared for petrographic analysis.
The company is in the process of completing the design of a follow up rock and soil geochemical program to cover each of the pegmatites with appropriate sample density to determine and identify fertile LCT-Pegmatite zones.
“Following the recent pegging of the Red Peak project the Company swiftly mobilised a team to conduct an initial reconnaissance field programme, visiting four of the large pegmatite areas and validating the historic mapping,” VP of Exploration, Johan Lambrechts, said.
“This reconnaissance programme was designed as a brief visit to get a better overall feel for the extent of the pegmatites and has enabled us to design a comprehensive follow on field program at this exciting project.
“A main objective of the sampling program will be to representatively sample each of the eleven mapped pegmatites and determine the zonation of the pegmatites and identify the lithium hotspots for future exploration campaigns.
The Red Peak project hosts significant pegmatites over kilometre scale strike lengths, none of which have been the focus of lithium exploration. This feature sets Red Peak apart from many other projects as scale is not an issue.
“We are confident in achieving our objectives and look forward to keeping our shareholders up to date during this exciting time for our company.”
The Red Peak project area is considered poorly explored and highly prospective for lithium bearing pegmatites as well as base metals, uranium and Rare Earth Elements. Importantly, several pegmatites are already identified on 1:100,000 scale geological maps, but only limited historical exploration has occurred, focused on either gold or base metals (Pb / Zn).
Extensive pegmatite outcrop can be observed from the surface data, with at least eleven pegmatites mapped across the project, exhibiting strike lengths in excess of 3km and widths of between 150m and 200m.
These are significant pegmatites which warrant further investigation given the fertility of the geological setting.
Programme
The company has completed an initial field reconnaissance sampling campaign designed to get a better overall understanding of the pegmatite structures at the Red Peak project. The mapping completed by the GSWA on a 1:100,000 scale was validated and correlates very well with the observations made in the field.
During the brief campaign, the Company visited four of the mapped pegmatites and collected 35 samples across these discrete areas. The remaining seven pegmatites remain untested and will be the focus of the follow-on exploration programmes.
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