Aurumin (ASX:AUN) - Managing Director, Brad Valiukas
Managing Director, Brad Valiukas
Source: Brad Valiukas/LinkedIn
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  • Aurumin (AUN) completes a 12-hole drilling program at its Mt Palmer project in WA
  • The program focused on the Vickers Find South B (VFSB) area with pegmatites confirmed in 11 of the 12 holes
  • All samples have been dispatched to the lab for multi-element analysis
  • Aurumin also received soil sample results which have defined two main areas of lithium in-soil anomalism at the VFSB target
  • Company shares are in the grey to trade at 17.5 cents

Aurumin (AUN) has completed drilling at its Mt Palmer project which lies within the company’s broader Southern Cross operation in Western Australia.

The reverse circulation (RC) program included 12 holes, for 1212 metres, focusing on the Vickers Find South B (VFSB) area to target lithium-bearing pegmatites.

Aurumin said pegmatites were logged in 11 of the 12 holes and downhole intervals ranged from one to 40 metres with a general thickness of about 20 metres. The pegmatites are interpreted to be flat-lying to gently-dipping to the north.

Preliminary logging indicated a high degree of fractionation which is reportedly a key component in the formation of lithium mineralisation.

All samples have been dispatched to the lab for multi-element analysis.

The company also received sampling results from an ultrafine soil survey undertaken at the VFSB target.

A total of 735 samples were collected and lab results defined two main areas of lithium in-soil anomalism that correspond to two previously identified areas.

Managing Director Brad Valiukas said he was “encouraged” by the lithium exploration at the Mt Palmer project.

“The full soil sample results support our lithium targeting, and indicators remain positive at Mt Palmer and analogous to other projects in the region,” Mr Valiukas said.

Company shares were in the grey to trade at 17.5 cents at 3:32 pm AEST.

AUN by the numbers
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