Western Australian critical metals explorer, DMC Mining Limited (ASX: DMM) had kicked-off on ground lithium exploration has commenced at its 100% owned Talon Ridge Project.
“We are excited to commence on-ground lithium exploration at our highly promising Talon Ridge Project,” Executive Chairman, David Sumich, said.
“DMC has a belt-scale, dominant position in the Fraser Range. Our tenement holding spans 1,381km2, of which ~1,065 sq. km is within potential LCT/NYF pegmatite bearing granites. This commanding presence is in a region historically known for world-class mineral discoveries.
“The 27.5 km anomalous lithium zone within our tenements presents investors with an outstanding lithium exploration opportunity.
“It’s worth noting that these LCT granites have long been associated with the formation of lithium deposits, and our exploration efforts are squarely aimed at uncovering these valuable resources.”
DMC has observed that geological units within the Fraser Range tenement package could have potential to host pegmatites.
Over 31,000 historical geochemical data points were reviewed from the region to develop a detailed understanding of some of the geochemical relationships. These sample points covered all key geological units, contacts, and structures.
A summary of the review has concluded the following:
- 1. The historical exploration over the tenement package did not focus sufficiently on pegmatite potential and hence data collection was limited (typically focused on gold) suggesting the tenement is under assessed for Li potential.
- 2. Discrete 30ppm Li samples within the tenements are shown to be spatially anomalous given the interpreted geology and are spatially related to elevated Rb, K, and Be (Beryllium). While these values are not high with respect to their absolute values, the impact of analytical method is believed to be affected by unconsolidated cover which was typically the sample medium. The ratio of Li to pathfinders is supporting evidence of elevated Li anomalies.
