Highlights

• QX Resources (ASX:QXR) has completed a two-week extensive sampling program at its lithium projects.
• At Turner River, the previous sampling reported lepidolite (4.9% Li₂O), as well as pegmatite dykes.
• QXR believes in the potential of its project at Western Shaw, given success by both Minrex Resources and Riversgold to the north of the project area.
• The company expects rock chip sample assays in the first half of October.

QX Resources Limited (ASX:QXR) has been going full steam ahead to unlock the extensive potential of its wholly owned lithium projects in the highly prospective mining jurisdiction of Western Australia.

In a major development as part of the company’s lithium exploration endeavours, a two-week extensive sampling program has been completed by QX geological consultants. The sampling program covered the company's fully owned Turner River, Western Shaw, and Split Rock projects in the Pilbara lithium province.

The company is highly confident because of the success of both Minrex Resources and Riversgold to the north of its project at Western Shaw. The project’s western portion shares 5 kilometres of the same greenstone/granite contact zone as in Minrex Resources and Riversgold’s projects.

The detailed follow-up sampling program led to the collection of 259 rock chip samples, dispatched to ALS laboratories in Perth for full-suite analysis. QX Resources expects the rock chip sample assays in mid-to-late October.

For the latest update from QXR, click here.

QXR share price performance

QXR share price has appreciated by 6.89% in the last three months. The shares closed the day’s trade at AU$0.031, up more than 3%, on 15 September 2022, with a market capitalisation of AU$26.64 million. The shares were trading at AU$0.031 midday on 16 September 2022. 

Overview of extensive sampling at WA lithium projects

Turner River Project (E45/6042 & E45/6065): The priority areas for Turner River sampling were delineated based on the anomalous rock-chip sampling results of the previous programs, which also confirmed the presence of the lithium-bearing mineral lepidolite (4.9% Li₂O). Micaceous clumps on the site also revealed its high lithium content and confirmed it as lepidolite.

Circular feature at Turner River on satellite imagery

Image source: QXR update

Satellite imagery shows that the carbonate rock outcrop represented by the low hill may be part of a much larger geomorphic feature, some 200 metres in diameter.

The sampling was focused around the postulated intrusive in the northeast of the project and pegmatite dykes in the northwest and southwest. The company collected 16 samples from the program, while geological mapping is underway.

Western Shaw Project (E45/4960 & E45/6017): QXR focused on sampling along the greenstone contact with the Kavir Monzogranite (44 samples collected) for this project. It is the contact zone targeted by Riversgold and Mirex Resources to the north of Western Shaw.

The second area focused by the company was the Banded iron formations (BIF) ridge in the east of the tenement, from where 15 samples were collected.

Granitic Pegmatite sample at Western Shaw (L) - BIF sample at Western Shaw (R)

Image source: QXR update

The Western Shaw project area comprises a well-developed greenstone belt. It appears to relate to a chert horizon within a mafic/ultramafic sequence and some felsic units present within the sequence. It is bounded on the east by multiple phases of granite.

Split Rock Project (E46/1367): The extensive sampling for Split Rock was done from pegmatites lying along the outcropping Split Rock Supersuite. The Split-Rock Supersuite is considered regionally prospective for lithium-bearing pegmatites.