- Morella Corporation (1MC) identifies lithium targets at the Mt Edon project in WA’s Mid-West
- The company completed surface mapping and sampling, under which 53 pegmatite outcrops were mapped over a five-day period
- Results suggest there are several prospective targets for lithium-bearing pegmatites with some pegmatites being mapped as having “substantial apparent thickness and continuity that may lead to a potential mining opportunity”
- Morella is planning a geophysics program to further define drilling targets
- Morella shares are up 6.67 per cent, trading at 1.6 cents each at 2:17 pm AEST
Morella Corporation (1MC) has identified lithium targets at Mt Edon in the mid-west of Western Australia.
The company completed a surface mapping and sampling program at MT Edon and Mt Edon West, where 53 pegmatite outcrops were mapped over a five-day period.
From the surface mapping, the company observed that a pegmatite covering a larger surface area appeared to be a sill, as compared to the remainder of the mapped pegmatites which were interpreted as being dykes.
The mapped pegmatites were observed as having a deeply weathered, friable surface, with some indicating lithium mineralisation.
Under the sampling program, the company collected 32 samples from the mapped pegmatites. Each sample included rock chips taken from each outcrop and were sent to laboratory for assay.
The samples included lithium values of up to 315.4 and 321.8 parts per million.
Overall, results from the field program suggest that there are several prospective targets for
lithium-bearing pegmatites within the project area.
Several of the pegmatites were mapped as being narrow and discontinuous, however some were mapped as having a substantial apparent thickness and continuity that may lead to a potential mining opportunity.
Morella CEO Alex Cheeseman said Mt Edon represents an “early-stage exploration opportunity for Morella.”
“There is clearly potential at Mt Edon, and this warrants further exploration effort,” he said.
“Morella will now spend time and effort to develop and refine potential drilling targets and look forward to continuing to advance the project.”
Morella is planning a geophysics program to further define drilling targets.
Mt Edon includes two tenements E59/2092, 80 per cent-owned by Sayona Mining (SYA) and 20 per cent owned by Bruce Legendre, and Mt Edon West (E59/2055), which is wholly-owned by Sayona.
Sayona has given Morella the opportunity to earn a 51 per cent interest in the tenements by undertaking lithium exploration over a three-year period.
On the market, Morella shares were up 6.67 per cent, trading at 1.6 cents each at 2:17 pm AEST.