Mineral exploration company Liontown Resources announced that the initial fieldwork at the Lake Percy Lithium Project – located approximately 440km east of Perth – has identified extensive pegmatite bodies over 4.5km strike with surface widths up to 550m.
“The fieldwork which comprised detailed geological mapping and soil sampling complemented previous nickel exploration which had only partially defined the pegmatites which are poorly exposed and strongly weathered,” the company told the ASX.
“Given the strong weathering it is unlikely that spodumene (lithium pyroxene) will be preserved at the surface; however, Liontown’s experience from the Bynoe Project in the NT, where the pegmatites are similarly altered, indicates that soil sampling is an effective tool for identifying primary lithium mineralisation at depth beneath leached bedrock.”
Liontown said it is strongly encouraged by the initial results given the presence of known mineralisation in the same greenstone belt about 20km to the south, the large size of the pegmatites which exceed 100m true width, and the Project’s location in an emerging province which includes Kidman Resources’ Earl Grey discovery approximately 60km to the west.
“The company will undertake further infill soil sampling before designing a maiden drilling program to test for primarily lithium mineralisation,” reads Liontown’s statement.
The Lake Percy Project, which is located in the heart of the emerging Forrestania Lithium Province, is subject to a Joint Venture Agreement with White Cliff Minerals whereby Liontown can earn 70% equity by sole funding exploration expenditure totalling $1.75 million within a 4 year period.