Resource Base Ltd (ASX: RBX) has provided an exploration update on its Wali and Ernst Lake projects within the prolific James Bay region, Quebec.
The company has identified an abundant number of outcropping pegmatites and boulders over both projects with currently a total of 11 days in the field. One of the significant finds within the first pass on-ground exploration is a topographic high along strike from the Corvette discovery (ASX: PMT) with encouraging potassium to rubidium ratios returned from a handheld XRF, indicating lithium bearing pegmatites may be present.
Resource Base’s in-country team has discovered various cross-cutting structures over the glacial dispersion of the known North-East to South-West geological trend with numerous clusters of pegmatites. The two projects combined represent over 100km2 of lithium prospectivity and are within proximity or along strike of globally significant discoveries.
Executive director, Brent Palmer, commented: “It’s a testament to the projects acquired, personnel both here in Australia and the exploration team abroad to have uncovered so many prospective targets, within such a short period of time. With additional areas of known pegmatite occurrences still not explored and assays pending, it’s an exciting period for the company.”
The Wali project has uncovered various prospective zones of up to 1.6km strike length of pegmatitic outcrops, with 40 rock chips from pegmatites sent to the lab to be assayed from the first five days on the project. The total strike length of the dykes paired with the magnetic data suggests structural complexity over various strike directions, abutting the greenstone and granite contact.
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