Lithium

Radar survey reveals several lithium pegmatite swarms for Australasian Metals

Tue 29 Mar 22, 12:32pm (AEST)
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Key Points

  • Deep Ground Penetrating Radar results has confirmed a series of pegmatite swarms
  • The radar produces high-res profiles of anomalies at the subsurface level
  • Australasian Metals is gearing up for a maiden drill program, pending soil sampling and rock chip results

Recently completed Deep Ground Penetrating Radar (DGPR) interpretation revealed multiple pegmatite-like structures at Australasian Metals' (ASX: A8G) Mt Peake Project in the Northern Territory.

DGPR is a geophysical tool used to produce very high-resolution profiles of the subsurface. The tool was successfully used by Galaxy Resources in 2019 to identify priority drill targets at its Mt Cattlin project.

“This technique helps us to see through the shallow sediment cover to identify potentially buried pegmatite systems to the northwest where close to spodumene mineralisation identified at surface by Core Lithium,” said Managing Director Qingtao Zeng. 

The DGPR survey interpreted several shallow depth anomalies including 37 'conventional' pegmatite like structures.

DGPR interpretation
Source: Australasian Metals (March 2022)

“The Company is excited to see the soil sampling program and rock chips assay results in this area, which will be incorporated into our final targeted drilling plans”.

The ongoing soil sampling program is aimed at investigating any lithium related 'hot areas'.

Australasian Metals will look to compile the DGPR information and pending assay results to kick off a maiden drill program at Mt Peake.

Australasian Metals price chart
Australasian Metals price chart

 

Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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