Calidus Resources Subsidiary Identifies Pilbara Lithium Prospect

THE DRILL SERGEANT: Calidus Resources (ASX: CAI), via its subsidiary company, Pirra Lithium has identified a substantial lithium-bearing pegmatite south-west of Marble Bar in the East Pilbara of Western Australia.

Pirra Lithium is owned equally by Calidus and Haoma Mining.

Recent work carried out by Pirra has resulted in identification of the lithium-bearing pegmatite with a mapped strike length of more than one kilometre.

Pirra also collected 34 rock-chip samples of the pegmatite and the adjacent granitic country rocks that yielded assays of between 0.66 per cent to 2.34 per cent lithium oxide(Li2O), with two samples of metasomatized country rock adjacent to the pegmatite yielding 2.78 per cent and 2.91 per cent Li2O.

An initial 2,500m RC drilling program has been planned to test the thickness and down-dip extent of the pegmatite.

“It is already clear that we are in the early stages of an exciting lithium discovery with both scale and strong grades,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“There is a compelling business case to accelerate exploration now we have confirmed lithium grades for this significant outcropping pegmatite.

“Despite the pegmatite being located close to the Hillside – Marble Bar Road, there is no record of geological mapping or sampling in the area and the area has never been drilled.

“These results highlight the immense prospectivity of the large tenement package and rights owned by Pirra Lithium.

“Work is continuing to determine the full extent of the pegmatite and to identify other pegmatites in the vicinity. As part of this, we are preparing for a maiden drilling program.

“The company will also continue its aggressive exploration program elsewhere on the tenement package.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au