Midas Minerals Ltd (ASX: MM1) has highlighted priority Lithium target zones extending for 20km strike with surface geochemistry at its Newington Lithium-Gold Project in Western Australia’s Goldfields region.
Geochemical sampling, in conjunction with previously announced geochemical data, rock chip sampling and limited RC drilling, has further defined areas most prospective for lithium, with priority target zones extending over a combined 20km of strike.
At least 174 of the recent auger geochemical results are considered anomalous in lithium, caesium, tantalum (LCT) or related indicator elements. Midas is awaiting results for a further 50 pegmatite samples.
In results for 76 non-lithium rock chip samples collected during pegmatite prospecting in 2022, a total of 21 samples assayed at greater than 0.1g/t gold and 11 assayed at between 0.5g/t and 7.7g/t gold.
Several groups of undrilled gold-bearing historic workings were discovered southeast of the Newfield Mine; Midas will add these targets near historic workings to its priority list of areas for drilling.
“Significant work completed at Newington by the company in the second half of 2022 has been successful in delineating areas most prospective for spodumene bearing LCT pegmatites,” Managing Director Mark Calderwood said.
“From the limited RC drilling undertaken, we have an understanding of the likely orientation and mineralogical variability of the pegmatites. As part of the programme some promising gold (up to 7.7g/t Au) results have been received in areas which do not appear to have been drilled.
“The next stage of exploration is to undertake further mapping and drill hole planning within the high priority target areas with a combined strike of 20km.”
For further information please visit: https://www.midasminerals.com/
