Everest Metals Corporation Limited (ASX: EMC) has drilled an 87m intersection in that Stage 2 Reverse Circulation (RC) drilling at the Mt Edon LCT Project in the Mid-West region of Western Australia.
The Mt Edon LCT Project is located 5km southwest of Paynes Find and sits on mining lease M59/704 and covers the southern portion of the Paynes Find greenstone belt in the Southern Murchison which hosts an extensive pegmatite field.
There are several large irregular shaped felsic pegmatites which have intruded into the Paynes Find Greenstone Belt, a northeast trending sequence of mafic, ultramafic, and sedimentary rocks, with east-west structures cutting these metasediments.
Pegmatites appear to be folded dipping in variable directions and angles and are connected at depth representing both sill and dyke structures.
These prospective pegmatites have a northeast-southwest strike of up to 350m and occur along a 1.2km interval of the LCT Pegmatite corridor. Larger pegmatitic bodies appear less influenced by the underlying structural trends and fabrics, with many of these bodies cutting both structural fabrics.
The larger pegmatitic bodies are interpreted as blowouts related to structural intersections. In May 2023, the Company undertook stage 1 drilling program, and 11 RC holes were drilled for a total of 441m. Drilling results of stage -1 successfully highlighted that Mt Edon has the potential to host a real LCT project. Strongly anomalous LCT elements that occur in association with rubidium (maximum value 0.41% Rb2O), include the following maximums in individual drilling assays being Li2O 0.33%, Cs 555 ppm, Nb 153ppm and Ta 111ppm.
Whilst we understand visuals are no substitute for assays, we are very excited about what we’ve seen from this phase two drilling programme,” Chief Operating Officer, Simon Phillips, said.
“Assays will enlighten us as to where the exploration development of our Mt Edon LCT project goes from here. The company is very fortunate to have this highly fertile pegmatite field on a mining lease just off the Great Northern Highway.”
The Stage 2 drilling programme is designed to test the lateral extension of high-grade zones defined in the northeast corner of the Mt Edon tenement along with targeting undrilled pegmatites. RC holes for a total of 566m of drilling was completed in early August 2023. The drilling was conducted across six targets and included 12 holes with an average depth of 47m. Sampling collected during the recent drilling were one-metre core splits.
