Capital Mining expands lithium asset portfolio with two new projects

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Image credit: Capital Mining ASX release

Capital Mining has announced the addition of the Bigbell South project and the Mindoole project to its lithium-prospective portfolio.

Image credit: Capital Mining ASX release
Image credit: Capital Mining ASX release

Located in the Murchison District in Western Australia, the projects comprise two exploration licence applications over a total area of 85.50 km2.

Capital Mining considers both projects to be prospective for rare-element granitic pegmatites of the LCT geochemical group, and consistent with its project generation and exploration strategy.

The Bigbell South project lies adjacent to the Big Bell Gold Mine and is located 3km from an active pegmatite field, which hosts tin and beryllium occurrences – which are key indicators to potential fertile LCT pegmatite mineralisation.

The Mindoole Project is situated 5km north of the Patons Lode and Doreen LCT pegmatite field where Venus Metals Corporation is exploring the Poona Lithium project and Montezuma Mining also has a ground holding.

“Capital plan to immediately commence a first phase reconnaissance, ground work program at the Bigbell South and Mindoole projects. This will include soil sampling, rock chip sampling and mapping as part of the target identification and definition process, and will form part of the Company’s progressive exploration of its lithium-prospective portfolio,” the company said in a statement.

“Upon grant of the tenements, which is expected in approximately three months, the Company will embark on a more detailed field work program to further define and refine target areas.”