ZEUS RESOURCES LIMITED Zeus Resources Ltd. announced the Company has received brine assays results obtained from the drilling and sampling of its Wiluna Project (E53/1603 & ELA53/2197) in early September 2022. Two aircore drill holes were completed in September 2022 one of these drill holes (LWP002) intercepted the palaeochannel basal sand from 78m below ground level. The results confirm brine with potassium grades of between 3,060 mg/L and 3,340 mg/L and sulphate grades of between 22,400 mg/L and 24,000 are present in the basal sand at depths of between 78 and 85m.
The assay results from shallower depths indicated the groundwater encountered was not mineralized. Potassium concentrations were typically very low at between 80 and 110 mg/L aligned with the low salinity nature of the groundwater. The assay results are highly encouraging as the potassium and sulphate concentrations are comparable to exploration peers in the Western Australian SOP space, who have estimated Mineral Resources and Ore Reserves.
Importantly these brine assays come from basal sand 8.5 km away from the lake surface of lake Way demonstrating SOP mineralization of the brine is likely to be somewhat independent of the lake surface. Further drilling and sampling are required to confirm if there is a mineralization gradient away from the lake and if mineralization is persistent north of LWP002. The Wiluna Project comprises one exploration licence (E53/1603) and one exploration licence application (ELA53/2197), covering part of the Kukkuburra Palaeochannel developed over granite and greenstone basement in proximity to the Lake Way SOP deposit of Salt Lake Potash Ltd. Zeus's potash exploration drill holes are located approximately 3.5km from the northerly margin of Salt Lake Potash's Lake Way SOP deposit.
The Kukkuburra Palaeochannel is considered the northern extension of the Lake Way palaeochannel and is highly prospective for brine mineralisation of SOP. Potassium grades of between 5000 and 7000 mg/L have been encountered at Salt Lake Potash's Lake Way deposit within the palaeochannel basal sand. Further work will involve granting of E53/2197, expansion of the gravity survey and drilling of new exploration holes to develop an Exploration Target.
