Metalicity Limited has announced the commencement of a 400-hole auger drilling program at its Lake Cowan project located immediately south of Alliance Mineral Assets’ near term producing Bald Hill Mine in Western Australia.
The drilling program, which is targeting extensions to the Mount Belches-Bald Hill Pegmatite Belt, will be conducted on a nominal 100m x 400m spaced grid to vector toward any hidden pegmatites.
Managing Director Matt Gauci remarked that this technique had been used to discover several hidden pegmatites by the previous owners of the Bald Hill Mine.
“The Bald Hill area is rapidly becoming a prolific and near term producing lithium district and the Company’s project area is very well located along a highly prospective pegmatite belt,” Mr Gauci said, adding that the auger drilling program will be followed up by a targeted RC drilling program.
“The advanced nature of adjoining infrastructure assets and significant off-take interest bodes well for Lake Cowan,” he concluded.
According to Metalicity, assay results will be reported as they become available throughout the coming months.
