Calidus Resources (ASX: CAI)
Announced that assays have been received from the first soil sampling program for lithium on E45/2983, part of the Tabba Tabba South Project of Pirra Lithium Ltd.
Elevated concentrations of Li, and pathfinder elements Nb and Ta, have
highlighted a corridor of interest.
.
Pirra Lithium – Lithium outcropping at surface
.
Calidus Resources announce a Potential lithium corridor defined at Tabba Tabba South Project
Elevated lithium and pathfinder elements confirm prospectivity of the area
.
Calidus Resources Limited (ASX:CAI) is pleased to announce that assays have been
received from the first soil sampling program for lithium on E45/2983, part of the Tabba
Tabba South Project of Pirra Lithium Limited (Pirra).
On completion of the recently announced transaction, Pirra will be owned 40% by
Calidus, 40% by SQM Australia Pty Ltd (SQM), and 20% by Haoma Mining NL (Haoma).
Exploration licence E45/2983 straddles the Tabba Tabba Shear Zone and is along strike
from Wildcat Resources’ recently announced major new lithium pegmatite discovery, the 2018 King Col discovery of De Grey Mining in 2018 ), and a reportedly-identified lithium Mineral Resource on ground held by Fortescue Metals Group.
.
HIGHLIGHTS
• All assays have now been received from the first-pass soil sampling on Pirra’s
Tabba Tabba South Project
• The program tested two areas amenable to soil sampling, and which cover less
than half the length of the Tabba Tabba Shear Zone on the project area
• Elevated concentrations of Li, and pathfinder elements Nb and Ta, have
highlighted a corridor of interest.
• Planning is underway for wide-spaced RC drilling to test the areas of interest
.
Calidus Managing Director Dave Reeves stated:
“Elevated Li, Ta, and Nb values from the inaugural soil sampling program are encouraging signs for the potential for LCT pegmatites at Tabba Tabba South.
“These results provide the impetus for drill testing the two areas of interest.
“Large parts of the tenement package with extensive, thicker regolith are not suitable for soil sampling, and will require drilling to fully evaluate their lithium potential.
“Work has started on arranging Heritage surveys. We plan to start RC drill testing of the anomalies and aircore or auger drilling through thicker regolith as soon as the wet
season in the Pilbara is finished”.
To read the full news release, please click HERE
=======
If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.
Disclosure
At the time of writing the author holds shares in Calidus Resources.
.