Capital Mining to kickstart exploration at Gascoyne lithium projects

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Image credit: Capital Mining ASX release

Capital Mining is set to Capital Mining Lithium Projects in the Gascoyne Minerals District in Western Australia.

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

According to the company, the projects all host a granite and greenstone contact, which is recognised as a prime target for LCT pegmatites. Additionally, an assessment of magnetic data over the project areas indicates the presence of greenstone, which further adds to the spodumene bearing pegmatite potential of the projects.

The projects comprise three exploration licence applications over a total area of 501.15km2; the Reynolds Project (ELA09/2209), the Caroline Creek Project (ELA08.2869) and the Yinnietharra Lithium Project (ELA09//2208).

“The reconnaissance field work will comprise and extensive soil sampling program and rock chip sampling program across the three project areas. Samples collected will be sent for laboratory analysis,” Capital Mining told the ASX.

Adertisement

“Mapping of prospective target areas will also be undertaken as part of this field work. The aim of this initial phase of exploration is to identify and sample spodumene (lithium-bearing) pegmatites, in order to delineate and refine priority targets for the Company’s next phase of exploration the projects.”

The program is expected to be completed by the end of this month, with assay results to be available in early October.