Pioneer Resources identifies priority lithium targets

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has received the first 668 results from a 4,000 sample soil geochemistry program from the company’s 100 per cent-owned Pioneer Dome project, near Norseman in Western Australia.

The results have generated five anomalies, located at the PEG006 target (2 anomalies) and PEG009 (3 anomalies).

“The soil geochemistry program will initially comprise 13 pegmatite clusters sampled to determine whether each is likely to be a complex pegmatite and therefore potentially a host to lithium mineralisation,” Pioneer Resources said in its ASX announcement.

To date the company has sampled three clusters – PEG006, PEG009 and PEG012, however it indicated further wider spaced samples will be undertaken in order to locate additional pegmatites that don’t outcrop.

“Rock chip geochemistry confirms that two lithium-mineralised pegmatites with different characteristics are evident at PEG009, (i.e. PEG009A and PEG009B) further substantiating the complex nature of this LCT pegmatite, the company said.

Rock Chips from two separate outcrops at PEG009 returned high-grade lithia (Li2O) values, including:

PEG009A
lepidolite samples assaying between 1.38 per cent and 3.94 per cent Li2O; and

PEG009B
silicate dominated rocks assaying between 1.17 per cent and 3.84 per cent Li20;

“Soil geochemistry results from PEG006 indicate two areas with elevated lithium and other coincident LCT pegmatite elements,” the company continued.

“Field inspection and rock sampling will be undertaken later this month.”

Website: www.pioresources.com.au