Perpetual Resources Limited (ASX: PEC) has provided an update on exploration at the company’s exploration permits, located in the prolific Lithium Valley region of Minas Gerais, Brazil.
Preparations are in progress for a second reconnaissance trip, placing a particular focus on our Itinga Prospect, situated roughly ~15km from major spodumene projects being developed by Lithium Ionic and Sigma Lithium. Expanding upon the insights gained during the initial reconnaissance trip, the goal is to enhance the company’s knowledge base established during the first field trip.
Mr. Allan Stephens, exploration manager, commented, “Our inaugural reconnaissance site visit has clearly confirmed the presence of several key ingredients in our recently acquired Brazilian ‘Lithium Valley’ exploration permits. Surpassing our expectations, the widespread occurrence of pegmatites across all prospect areas during this initial survey sets a strong foundation for our optimism about the various project’s potential.”
The upcoming reconnaissance visit will include a range of activities, with a specific focus on widespread mapping and sampling campaign. The team will also commence a geochemical analysis initiative, utilizing an in-field pXRF unit, which will play a pivotal role in defining anomalous signatures and assistance in delineation between known pegmatite outcrops.
As pXRFs serve as a semi-quantitative field guide, result validation will occur through in-country labs (ALS). Soil samples will be re-sampled under the oversight of Portable Spectral Services upon return to Australia for thorough confirmation.
Additionally, Perpetual will use the impending field visit to further cultivate its presence and relationships within its planned operational areas by engaging with key stakeholders and landowners, fostering trust, and exploring downstream and local workforce opportunities.
The timing of this second reconnaissance trip is planned to broadly coincide with the receipt of assay results from the recent rock chip analysis, which are expected in the next two weeks. These assay results will further guide the strategic exploration decisions of this second reconnaissance field trip, including the presence of pathfinder elements to guide activities.
“We eagerly await the results of the rock chip analysis to determine the presence of mineralization and pathfinder elements and to assist in guiding our exploration team to areas of higher lithium anomalism. Our clear intent with this trip is to deliver tangible data to advance our strategy.” Added Stephens.
To find out more, please visit www.perpetualresourceslimited.com.au
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