Miramar Resources Identifies Randalls Lithium Potential
THE DRILL SERGEANT: Miramar Resources (ASX: M2R) jumped aboard the Western Australia lithium train this week by announcing it has identified potential for lithium-bearing pegmatites at the company’s 100 per cent-owned Randalls project on the outskirts of Kalgoorlie.
Miramar Resources’ Randalls project is located on the northeastern margin of the Randall Dome, a folded sequence of black shales, banded iron formation (BIF) and other sediments of the Mt Belches Formation, underlain by a central granitoid core.
The company cited the Geological Survey of WA, which says the Randall Dome was formed by the combination of granite emplacement and east-west compression resulting in a doubly-plunging anticline with a NNW-SSE-trending central axis.
The places Miramar’s tenements diagonally opposite and in a similar stratigraphic position to several noted lithium-bearing pegmatites on the southwestern margin of the Randall Dome including:
• Bald Hill – the subject of a takeover by Mineral Resources;
• New Dawn – recently purchased by Torque Metals; and
• Cowan – multiple lithium-bearing pegmatite occurrences.
Regional radiometric data has demonstrated potassium anomalism associated with these known lithium pegmatites.
Miramar claims similar potassium anomalism is seen within the Randalls project tenements north of Lake Randall.
“Given the strong similarities between Randalls and the Bald Hill area and the lack of previous exploration, there was significant potential for the discovery of lithium bearing pegmatites within the company’s tenements,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“Our Randalls project is basically a mirror image of the Bald Hill and New Dawn areas, on the other side of the Randall Dome.
“The regional radiometric data strongly suggests that there could be lithium bearing pegmatites hidden under thin surficial cover within our tenements but they could be easily missed even when specifically targeted.
“We are excited about the opportunity to discover lithium bearing pegmatites on our ground.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE