Calidus Resources Ltd (ASX: CAI)
Announced outstanding results from further rock-chip sampling and mapping by Pirra Lithium at its Spear Hill discovery announced in January 2022
Pirra Lithium is owned equally by Calidus and Haoma Mining. […]
|Calidus Resources||ASX: CAI|
|Market Cap||A$342 m @ A$0.85|
|Location||Pilbara, Western Australia|
Calidus Resources – Pirra Lithium High-grade lithium pegmatite doubled to 2.5km strike
Latest assays up to 2.75% Li2O; Drilling scheduled to start within weeks
Calidus Resources Limited (ASX:CAI) is pleased to announce outstanding results from
further rock-chip sampling and mapping by Pirra Lithium at its Spear Hill discovery
announced in January 2022
Pirra Lithium is owned equally by Calidus Resources and Haoma Mining NL2
• Calidus’ 50 per cent owned Pirra Lithium has extended the strike length
of the lithium pegmatite at Spear Hill in WA’s Pilbara to 2.5km
• Second batch of rock chips confirm lithium grades up to 2.75% Li2O
• Assays from a second parallel pegmatite returned up to 1.67% Li2O
• An application for a Programs of Work (PoW) has been lodged with DMIRS
Assays have been received for a further 70 rock-chip samples of the pegmatite and
adjacent country rocks. The samples were collected from the main pegmatite, to the
west-northwest of those reported earlier1 and from an interpreted fault offset of the
dyke to the north-east.
The assays confirm that the main pegmatite is lithium-bearing for more than 2.5km
along strike, and verify that a second, less well-defined pegmatite about 250m to the
north of the discovery pegmatite is mineralised with assays yielding 0.35-0.77% Li2O.
Calidus Resources management comments
“These strong assays show clearly that we have a significant lithium pegmatite with high grades.
“In light of these results, we are gearing up for a maiden drilling program later this quarter.
“There is immense prospectivity across the large tenement package and rights owned
by Pirra Lithium. Our exploration to date has only scratched the surface of a small part
of the tenure”.
Calidus Resources Managing Director Dave Reeves
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