Midas Minerals Ltd (ASX: MM1) is pleased to advise it has received promising initial surface geochemical results from the Lake Seabrook Project, located ~33km northeast of Southern Cross in Western Australia’s Goldfields region.
Midas has completed initial auger geochemical sampling to further test areas where prior exploration had indicated anomalous lithium (Li), tantalum (Ta), tin (Sn), caesium (Cs), niobium (Nb), bismuth (Bi) and molybdenum (Mo) were identified in clusters considered to be indicative of the potential for lithium bearing pegmatites.
The company has identified several areas of anomalous Bi-Mo; Sn +/-Li, Nb; and Ta +/- Li, Cs, Sn, indicating fractionation of the granite and pegmatite in these areas.
Midas will undertake further mapping and geochemical sampling to define and prioritise potential drill targets.
The project comprises two exploration licences totalling 94.3 sq. km, located about 80km southeast of Midas’ Newington Project. The Lake Seabrook Project area is dominated by post-tectonic granite and pegmatite with some remnant rafts of mafic rocks.
“Lake Seabrook’s clusters of anomalous LCT path-finder elements in geochemistry are encouraging and require further work to refine and prioritise targets,” Managing Director Mark Calderwood said.
“The presence of variable metal zonation is indicative that the host granite and abundant pegmatites have undergone a level of fractionation. We plan to complete further mapping in early 2023 to understand the mineralogy of the pegmatites, distribution of greenstone remnants and variability of the granite.”
For further information please visit: https://www.midasminerals.com/
