Kula Gold Limited (ASX: KGD) has reported a significant advancement of the Taliah Prospect from recent geochemistry, mapping, geophysics review taking this to a high order lithium drill target at its 100% owned Southern Cross Project, approximately 90km North of the world class Mt Holland Lithium Mine in Western Australia.
“The new Taliah Lithium Prospect in the Southern Cross Project with anomalous lithium and tantalum elements is advancing to a drill ready prospect,” Executive Officer, Ric Dawson, said.
“The new Nadia and Sasha Prospects advancing quickly from a first pass programme are also very encouraging.
“These results are important as they provide a geological vector towards a possible orebody below and act as a precursor to the more definitive drilling in the future. The rocks here are ~2.6B years old so the evidence at surface provides the clues to a possible orebody in the vicinity.”
“Considering that this tenement has had zero previous exploration recorded in this mineral rich State of Western Australia, generally the first explorer tends to discover the larger finds.”
Taliah Prospect
New reconnaissance mapping and rock chip sampling has detected anomalous readings of up to 214ppm lithium, 144ppm tantalum and 300ppm beryllium which is significantly above background values of 7ppm Li, 0.6ppm Ta and 0.2ppm Be.
A small concurrent UFF soil programme designed to test a potassium radiometric anomaly near the existing rock chip programme was completed with very encouraging results for a more extensive and expanded soils program commencing this quarter.
The rock chip samples were collected at surface from suitable subcrop and outcrop locations and have confirmed the anomalism outlined in the first two surface sampling programmes, further extending and refining areas of lithium anomalism.
Multiple samples returned significant results of over 50ppm Li, 20ppm Ta, 8ppm Sn, 5ppm Be and/or 80ppm which is rapidly advancing the Taliah Prospect to a drill ready status.
In addition, analysis of the industry standard using the fractionation ratio of potassium/rubidium (K/Rb) for the Taliah Prospect is providing confidence that a moderate degree of fractionation is occurring which highlights the potential for lithium enrichment with these pegmatites given increased fractionation is a key indicator for the fertility of lithium-caesium-tantalum (LCT) pegmatites.
The Potassium / Rubidium (K/Rb) ratio reflects the degree of substitution of Rb for K in the crystal structure of mica. A ratio of below 150 indicates a fractionated pegmatite and below 15 a highly fractionated pegmatite. A significant number of the samples are indicative of moderately fractionated and showed LCT-fertility pegmatites. These samples continue to improve on the surface rock chip samples reported from Kula in comparison with the previous surface samples.
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