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Be the first with the news that moves the market- Calidus Resources (CAI) commences its maiden drill program at Pirra Lithium’s Spear Hill discovery in the Pilbara, Western Australia after completing its mandatory paperwork
- Pirra Lithium is owned equally by Calidus and Haoma Mining NL
- The initial drill program will comprise 38 holes for approximately 3000 metres and will test two key pegmatites
- The drilling program is expected to take about three weeks to complete with samples to be sent to the laboratory immediately after the completion of drilling
- Shares in Calidus Resources were down 1.67 per cent to $0.88 as of 10:48 am AEST
Calidus Resources (CAI) has commenced its maiden drill program at Pirra Lithium’s Spear Hill discovery in the Pilbara, Western Australia after completing its heritage survey and receiving approval for its program of work.
Pirra Lithium is owned equally by Calidus and Haoma Mining NL.
The initial drill program will comprise 38 holes for approximately 3000 metres and will test a pegmatite that has yielded assays of 0.66 to 2.34 per cent lithium carbonate as well as a second poorly-exposed pegmatite to the north.
The lithium-bearing pegmatite being drilled is located about three kilometres east-northeast of Spear Hill.
The Spear Hill area, about 50 kilometres southwest of Marble Bar, is part of the historic Shaw River tin field which was mined for alluvial tin from 1893 to 1975.
The pegmatite outcrops for about 2.5 kilometres along strike on granted prospecting licence P45/2975 and a pending exploration licence E45/5834.
Managing Director Dave Reeves said the commencement of the maiden drill program so soon after the initial discovery demonstrates the company’s determination to accelerate exploration progress at the project
“Concurrently we are actively assessing the lithium potential across the wider Spear Hill area and the rest of the tenement package, utilising interpretation of remotely sensed data, field mapping, and rock-chip sampling,” Mr Reeves said.
“Exploration to date has only tested a fraction of the large tenement package and rights owned by Pirra Lithium, and we are excited to unlock the full potential of the Pilbara.”
Several holes will be drilled well below the main pegmatite into the footwall and others through the hanging wall to test or the possibility of additional parallel or subparallel pegmatites.
The drilling program is expected to take about three weeks to complete with samples to be sent to the laboratory immediately after the completion of drilling.
Shares in Calidus Resources were down 1.67 per cent to $0.88 as of 10:48 am AEST.
