Lord Resources Limited (ASX: LRD) has obtained promising RC drilling results at the Horse Rocks Lithium Project (E15/1770), located 20km south of Coolgardie, in Western Australia.
The Project is within eight km of Mineral Resources Limited Mt Marion Lithium Mine. The ground surrounding the Horse Rocks Lithium Project is held by Mineral Resources Limited (E15/1599, EEL53, EEL59) and Essential Metals Limited (E15/1710).
Drilling Programme
A first pass RC drilling programme was designed to test for lithium mineralisation within the Horse Rocks Lithium Project. In total, 4,223m were drilled in 52 holes, in areas of geochemical anomalism. Assays are expected in the coming weeks.
Our first phase of exploration drilling is now complete and we have been buoyed by the fact that we have identified multiple thick pegmatites, and we look forward to updating shareholders when the assay results are received,” Managing Director, Barnaby Egerton-Warburton, said.
Pegmatites were intercepted in 47 out of 52 holes, with multiple zones of significant widths (up to 68m). The majority of the pegmatites are interpreted to have a low to moderate east dip.
The drilling programme was planned at five areas of high priority geochemical anomalism, where multiple pegmatite swarms have been mapped at surface. This drilling programme is the first lithium targeted sub-surface exploration within the Project.
