- QX Resources (QXR) receives rock chip sampling results from its Turner River lithium project in WA
- The program investigated the spatial extent of an existing pegmatite dyke swarm and tested the pegmatites’ potential to host lithium-bearing minerals
- Today’s results include grades of up to 4.9 per cent lithium which Executive Chairman Maurice Feilich says is “exceptionally pleasing” and warrants follow-up exploration
- Moving forward, QX Resources will conduct mapping and sampling in other priority areas at the Turner River, Western Shaw and Split Rock projects
- QXR shares are up 14.8 per cent to trade at 3.1 cents at 2:04 pm AEST
QX Resources (QXR) has announced assays from reconnaissance rock chip sampling at its Turner River lithium project in Western Australia.
The program followed a review of remote satellite imagery and geophysical data which identified a number of priority areas across the Turner River, Western Shaw and Split Rock projects. The company then prioritised four areas for follow-up sampling at Turner River.
QX’s aim for the the field program was to investigate the spatial extent of a previously identified pegmatite dyke swarm and to undertake sampling to test the mineralogical variability of the pegmatites and their potential to host lithium-bearing minerals.
Positively for the company, the rock chip sampling returned up to 4.9 per cent lithium dioxide which it said may indicate further lithium mineralisation at Turner River.
Other significant lithium responses came from samples TR011 and 012 which returned 493 parts per million (ppm) and 590 ppm, respectively.
“The high-grade rock chip result at Turner River is exceptionally pleasing and confirms our belief that our Pilbara projects are highly prospective for lithium and more intensive follow up in and around this area is our priority,” Executive Chairman Maurice Feilich said.
Moving forward, QX Resources will conduct mapping and sampling in other priority areas to identify additional pegmatite dykes and dyke swarms at Turner River where tin and tantalum occurrences were historically reported.
The company also expects further sampling assays from the Turner River, Western Shaw and Split Rock projects.
QXR shares were up 14.8 per cent to trade at 3.1 cents at 2:04 pm AEST.