Ragusa Minerals Limited (ASX: RAS) has received laboratory assay results from five rock chip samples recently collected at its NT Lithium Project.
The company undertook a reconnaissance field trip in June to prepare for the 2023 field season drilling programme across the five targeted prospects – Kilfoyle, White Rocks South, Crystals, Tank Hill Trend and Ridges, to assess access routes and requirements.
During fieldwork, five rock chip samples were collected from pegmatite outcrops at the Kilfoyle, Ridges and Crystals prospects. Four sites had not previously been sampled, whilst the remaining sample (from the Ridges prospect) confirmed previous extremely high tantalum and tin results.
The extremely high-grade results continue to demonstrate the potential of some of the exposed, yet currently untested, pegmatites that are planned for drilling during the field season. Sample SM023 returned a tantalum grade of 1.03% plus elevated lithium and tin values (more than 60 times the average mined pegmatite resource grade). This was a confirmation sample of a previous sample that also returned a very high tantalum grade from the same outcrop.
Sample SM020 returned a result of 0.41% Li2O, also with elevated tin values, and was collected from a pegmatite exposed in a creek cutting over approximately 150m in apparent thickness (based on the orientation of internal quartz bars and a narrow internal metasediment layer).
Ragusa Chair, Jerko Zuvela said “The company is excited with the high-grade sample results achieved and to continue exploration drilling works at our NT Lithium Project, within a well-renowned lithium district in a Tier 1 jurisdiction close to major infrastructure. Recent site works and results have confirmed the prospectivity of target areas selected for the drilling campaign. Ragusa looksforward to realising significant milestones in 2023 at a time of renewed strategic interest in exploration stage lithium projects.”
To find out more, please visit www.ragusa.com.au
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