Alchemy Resources Identifies Lithium Anomalies at Karonie
THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) has spotted a new coherent lithium and pathfinder elements anomalous corridor at the company’s 100 per cent-owned Karonie gold project near Kalgoorlie in Western Australia.
Alchemy identified the anomalies having conducted multi-element soil sampling at the Pecan/Mesquite/Hickory/Cherry prospects as part of a multi-commodity review.
The company’s analysis of lithium and pathfinder elements demonstrated a pattern of anomalism over 7km long and 1km wide with the northern zone having increasing levels of surface cover.
“The lithium and pathfinder anomalism identified by Alchemy’s soil sampling and recent rock chipping in proximity to Manna are an encouraging start,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.
“Mapping by our geologists has shown pegmatites in outcrop along strike of Manna which is made more significant by the fact that there’s been no pegmatites mapped in this region before.
“The geochemical review reaffirms the prospectivity of our large tenement package at Karonie in what has historically only ever seen gold and base metals exploration.
“Work is continuing to identify the other intrusive dykes in the vicinity through a program of detailed mapping and sampling.”
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