Premier1 Lithium confirms Abbotts North LCT pegmatite system with results from first drilling
Proactive Investors
Published Apr 23, 2024 10:31
Updated Apr 23, 2024 11:00
Premier1 Lithium confirms Abbotts North LCT pegmatite system with results from first drilling
Premier1 Lithium Ltd (ASX:PLC) has received results from the first drilling program at Abbotts North Project, 35 kilometres north of Meekatharra in Western Australia, that confirm the continuation of a lithium-caesium-tantalum (LCT) pegmatite system.
Results show elevated lithium across the stacked pegmatites of up to 0.41% lithium oxide, confirming that the LCT system continues down depth and along strike.
The program involved 11 RC holes for 1,623 metres designed to test the main outcropping pegmatites at the project’s Buttamiah Prospect.
Cross-section of intercepted pegmatites showing significant results >0.05% lithium oxide.
Additional studies of the outcropping pegmatites in the larger Buttamiah Prospect area including fractionation vectoring using potassium/rubidium (K/Rb) ratios suggest the core of the system to be located east of the previous drilling. The data also indicate that LCT pegmatites occur within the granites to the north of the drill area.
Premier1 has commenced further mapping and sampling of pegmatites in these areas as well as over the remaining tenement package.
The focus is to delineate drill targets of higher grades and greater thickness that have the potential to form a significant lithium deposit within the existing LCT system.
Premier1 states that it is fully funded for any subsequent phase two drilling program.
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