Lord Resources hits lithium in soil samples at WA Horse Rocks project

Lord Resources’ (ASX:LRD) exploration team today reports its successful discovery of lithium anomalies in geochemical samples (read: soil) at the company’s Horse Rocks project in WA’s south, which Lord describes as a “lithium super-province.”

Lithium pegmatite mineralisation has been confirmed as present on-site the company’s project tenement, as well as other indicator minerals including rubidium. 

While first-pass geochemical results came in at concentrations under 0.1%, the early-stage confirmation that lithium exists in at least trace amounts saw market interest deliver upward pressure on the company’s shares in early afternoon trade. 

Lord will now move ahead with follow-up sampling and mapping in the weeks ahead, before the company brings a drill rig on-site to begin testing what lies underground. 

Aggressive exploration inbound 

“We are extremely excited about the first stage exploration results,” Lord Resources chief Barnaby Egerton-Warburton said. 

The company is focused on the presence of other successful lithium projects within a 100km radius of Lord’s tenement, which may prove to host similar underlying geology as that encountered in nearby projects. 

Of foremost interest to Lord’s geotechs is Mineral Resources’ (ASX:MIN) Mt. Marion play, somewhat proximate to Horse Rocks. 

Lord today describes its acreage as being similar to Mt. Marion’s. 

“Elevated near surface lithium and Mt Marion-style indicator mineral anomalies within the geochemical sampling, along with the significant lithium within rock samples is an excellent first step for the project,” Egerton-Warbuton added. 

Straight to surface mapping 

The company will now move to surface mapping at Horse Rocks to design an optimal exploration plan for when drilling commences in the near future. 

Horse Rocks will be subject to a maiden drill run which will incorporate infill drilling in an attempt to determine where lithium mineralisation is present underground and how far that mineral system(s) extends. 

Infill surface sampling is also now taking place to add to the company’s existing set of geochem data, reported today. 

Lord listed on the ASX back in April to strong investor interest.

A look at Lord's charts since listing in April