Forrestania Resources extends lithium footprint at South Iron Cap East
September 28, 2023 at 04:21 pm EDT
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Forrestania Resources Ltd (ASX:FRS) MD Michael Anderson tells Proactive that recent assays from the flagship Forrestania Lithium Project in WA’s southern Yilgarn region have intersected spodumene-bearing pegmatite in multiple drill holes. The results come from a follow-up reverse circulation (RC) drilling program at South Iron Cap East, with peak lithium assays of up to 0.95% lithium oxide (Li2O) demonstrating the potential to host ore-grade mineralisation. FRS has a favourable outlook on the likely unearthing of a significant mineral-rich pegmatite formation at greater depths. The characteristic tendency of regional pegmatites to narrow and expand seem to back this optimism up.
“Our work in and around South Iron Cap East continues to deliver results which highlight the potential for discovery of a significant mineralised system,” Anderson said.
“We know the region is host to multiple, stacked pegmatites (including at the world-class Mount Holland Lithium Mine) and we are now consistently finding spodumene and highly anomalous lithium grades.
"We remain convinced of the prospectivity across the Forrestania project and believe that a continuation of our systematic approach will ultimately unlock the potential value for our shareholders.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Forrestania Resources Limited is an exploration company searching for lithium, gold, and nickel in the Forrestania, Southern Cross and Eastern Goldfields regions of Western Australia. It is also exploring for lithium in the James Bay region of Quebec, Canada. The Forrestania Project is prospective for lithium, gold and nickel. The Southern Cross Project is prospective for gold and lithium and the Eastern Goldfields project is prospective for gold, lithium, rare earth elements and copper. The flagship Forrestania Project is situated in the southern Forrestania Greenstone Belt, with a tenement footprint spanning about 100 kilometers (km), north to south of variously metamorphosed mafic, ultramafic / volcano-sedimentary rocks. Southern Cross Project tenements are scattered, within proximity to the town of Southern Cross and located in and around the Southern Cross Greenstone Belt. Eastern Goldfields tenements are located within the Norseman-Wiluna Greenstone Belt of the Yilgarn Craton.