Kali Metals Limited (ASX: KM1) has announced that the preliminary findings from its review of the historic drill core have revealed multiple spodumene occurrences at the Spargoville Project.
To date, the core review programme, which is only 51% complete, has concentrated on the area around Westgold Resources Limited’s (ASX: WGX) recently acquired Spargo’s Reward open pit gold mine, within the company’s Spargoville Project.
The drill core database suggests the pegmatite trends are numerous, of favourable thickness, and potentially daylight towards the west of Spargos Reward.
Exploration manager, Mladen Stevanovic, commented, “The ongoing re-logging campaign is already generating exciting drill targets. It also shows that discoveries can be made by meticulous examination of the existing databases, without the need for the company to expend capital on further drilling. The potential for lithium mineralization to the west of the Spargo’s Reward appears better than expected. Spodumene-bearing and optimally-fractionated pegmatites have already been identified.”
In addition, the company is currently completing a comprehensive geophysical review of the entire Higginsville Lithium Project, and early results suggest multiple new areas of interest.
Kali Metals has also pleased to report the successful completion of its initial reverse circulation drilling programme at the Widgiemooltha Project. The best intercept was 10m @ 1.06% Li2O from 43m in hole 24WDRC002 (not true width).
The initial review of the historic core at Spargoville and the initial results from the comprehensive geophysical review of the entire Higginsville tenure, has encouraged the company to focus additional attention towards drill target generation and subsequent target ranking.
To find out more, please visit www.kalimetals.com.au
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