Marquee Resources (ASX:MQR) - Executive Chairman, Charles Thomas
Executive Chairman, Charles Thomas
Source: Marquee Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Marquee Resources (MQR) identifies a 2.4-kilometre-long geochemical anomaly at the West Spargoville Project in Western Australia
  • After recent drilling and a geological review of the project, Marquee recognised the potential to identify lithium-bearing lithium-caesium-tantalum (LCT) pegmatites
  • Marquee has received results from the first batch of assays from a 3146-hole auger geochemistry program and all samples have been sent to the laboratory for analysis
  • Final results are expected early next year and once received, Marquee will test high-prioirty targets in the first quarter of 2022
  • Shares in Marquee are steady on the market and are trading at 11.5 cents each

Marquee Resources (MQR) has identified a 2.4-kilometre-long geochemical anomaly at the West Spargoville Project.

West Spargoville lies 20 kilometres southwest of Kambalda at the northern end of the Widgiemooltha Greenstone Belt in Western Australia.

Following recent drilling work and a geological review of the project, Marquee recognised the potential to identify lithium-bearing lithium-caesium-tantalum (LCT) pegmatites.

The anomaly is associated with a northwest-trending structural zone in an ideal location from a mineralised perspective.

Marquee has received results from the first batch of assays from a 3146-hole auger geochemistry program and all samples have been sent to the laboratory for analysis.

Final results are expected early next year and once received, Marquee will test high-prioirty targets in the first quarter of 2022.

Executive Chairman Charles Thomas is excited to have received the first batch of assay results.

“It’s exciting to get the first batch of samples back from the lab and identify a previously unrecognised soil anomaly,” Mr Thomas said.

“Particularly given the anomaly is associated with a prominent structural zone that can be tracked to the southeast and was identified in an area covered by transported clays and soils.

“As more results continue to come to light, our understanding of the project grows and the company is perfectly positioned to drill test some exciting targets early in the new year.”

Shares in Marquee were steady on the market and were trading at 11.5 cents each at 11:38 am AEDT.

MQR by the numbers
More From The Market Herald

" Sultan Resources (ASX:SLZ) to raise $2.2m for WA and NSW-based projects

Sultan Resources (ASX:SLZ) shares have dived 19.5 per cent after the company announced a $2.2 million…

" Cannindah Resources (ASX:CAE) unearths 81m copper zone at Mt Cannindah

Cannindah Resources (ASX:CAE) receives encouraging results from hole #4 drilled in the northern sector of the…
Auris Minerals (ASX:AUR) - Managing Director, Mike Hendriks

" Auris Minerals (AXS:AUR) probes for extensions to high-grade gold hits at Feather Cap

Auris Minerals¬†(ASX:AUR) intersects "encouraging" zones of quartz veining and alteration from reverse circulation drilling at the…

" Cann Group (ASX:CAN) granted GMP licence by TGA

Cann Group (ASX:CAN) receives a GMP licence from the Therapeutic Goods Administration (TGA) to manufacture therapeutic…