Gold and lithium exploration company Golden Horse Minerals has continued to prove up its highly prospective Southern Cross greenstone belt tenure, with soil sampling results encountering significant lithium mineralisation.
846 samples were completed at the Radio North, Trough Well and Ennuin North prospects as part of a first-pass and wide-spaced geochemical campaign.
At Radio North, a large lithium anomaly was encountered with soils returning a peak value 84.4 ppm Li as well as elevated pathfinder elements (Cs, Nb, Rb, Sn and Ta). 76 of the 366 samples returned grades over +40ppm Li and 17 higher grade samples returned results above 60ppm.
The Company also encountered a lithium in soil anomaly at the Trough Well prospect, that is approximately 26km north of the Radio Hill North and contains identified outcropping pegmatite.
Trough Well assays have outlined an area containing elevated lithium grades similar to those identified at Radio Hill North with 33 of the 194 samples returning 40-60ppm Li and a high-grade cluster of 13 samples containing >60ppm Li.
Assays for Ennuin North, which is further along strike from the Trough Well, are keenly awaited.
According to the company, the 60ppm Li threshold is significant for its exploration activities within the Southern Cross greenstone belt, echoing initial discoveries at the world-class Mt Holland lithium mining operation.
Elaborating further, Golden Horse Minerals Chairman and Interim CEO, Graeme Sloan said:
“The latest sampling activity has defined numerous anomalies of approximately 60ppm lithium that the Company sees as highly significant in this geological setting.
“A series of geochemical discoveries made during the discovery stages at the large-scale Mt Holland operations – located in the southern portion of the Southern Cross greenstone belt – were of this same 60ppm magnitude.
“While further work and eventual drilling programs are required to determine whether the Company has a significant lithium-bearing structure, these developments are very positive and position the Company well for future exploration success.”
Golden Horse notes there is potential for further pegmatite to be identified in the 35-40km corridor between the Radio North and Trough Well and further soil sampling is planned to test the entirety of this corridor.
