Multiple soil anomalies identified by Kalamazoo Resources at Marble Bar lithium project
Kalamazoo Resources (ASX: KZR) reports that portable x-ray fluorescence (pXRF) results from its Marble Bar lithium project in the Pilbara have identified “multiple” soil anomalies.
These, the company notes, are likely related to lithium-caesium-tantalum (LCT) pegmatite mineralisation.
Some of these anomalies either contain or are in close proximity to mapped outcropping lithium-bearing pegmatites.
Priority target areas will be the subject of a “major” field reconnaissance mapping and rock chip sampling campaign beginning in March.
Anomalies longer than 1km in length
“Several of the of the pXRF soil anomalies defined have strike lengths in excess of 1km,” the company added.
The Marble Bar lithium project is part of an exploration joint venture agreement between Kalamazoo Resources Limited and the major Chilean lithium producer Sociedad Química y Minera de Chile S.A (SQM).
SQM has been granted the right to earn an initial 30% interest, with a maximum of 70% in all mineral rights at Kalamazoo’s DOM’s Hill and Marble Bar lithium projects by sole funding a minimum of $12 million of exploration and development activities over the next four years.
DOM’S Hill is also located in the Pilbara.
Likelihood for mineralisation is ‘very high’
Kalamazoo chairman and chief executive officer Luke Reinehr said the soil geochemistry program at Marble Bar, coupled with the excellent soil sampling results from the nearby DOM’s Hill project, raises the “likelihood for LCT pegmatite mineralisation in the immediate area very high”.
This was supported by Global Lithium Resources (ASX: GL1) having the Archer project to the north of Kalamazoo’s ground with its 10.5 million tonnes of lithium oxide at an average 1% grade.
The company is now planning future drill programs across both Marble Bar and DOM’s Hill.
SQM is one of the world’s leading lithium producers with its main asset in Australia being its 50% joint venture interest in the Mt. Holland lithium project in a joint venture with Wesfarmers (ASX: WES).