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Woomera Mining Limited (ASX: WML) identifies priority lithium drill targets across the Pilgangoora Lithium anomalies. The result outlines the successful outcome of the companyâs soil sampling program that confirmed six areas of significantly anomalous lithium over the Pilgangoora Project Area.
The Project is located on 100% owned tenements circa 100km south-east of Port Hedland in the Pilgangoora region which is positioned as one of the worldâs richest pegmatite-hosted lithium provinces.
Woomera recently announced the completion of a reconnaissance rock chip and gridded soil sampling program conducted in November 2018. Today, 3 April 2019, the company unveiled the results of the Stage 1 sampling program.
Rock chips and gridded 400m x 400m soil sampling reportedly demonstrated that the area contained evolved pegmatites carrying anomalous lithium, caesium and tantalum. The report read that geological mapping recorded several dozen pegmatites of variable widths and lengths occurring within the project area and it is likely that many more are present given the limited outcrop in the areas mapped and sampled.
The company stated that soil programs demonstrated near or above average levels related to lithium-hosted pegmatites which have the potential to locate economic mineralisation. Further, the results reportedly suggested the Project Area to be prospective for lithium-caesium-tantalum pegmatites, more complex petalite-lepidolite-elbaite-amblygonite pegmatites and also for rare earth allanite-monazite pegmatites.
The board and management of Woomera Mining were encouraged by the results of the Stage 1 exploration program
Woomera also conducted a second more comprehensive soil sampling and rock chip program which was completed between 20 February and 3 March 2019, results pending. It included Infill soil sampling on a nominal 100m x 100m grid and 100m x 200m grid and rock chip sampling over areas of anomalous lithium-caesium-tantalum identified from the Stage 1 sampling.
A total of 739 soil samples were collected during the Stage 1 and Stage 2 programs which highlighted 322 samples greater than the weighted average value of 25.9ppm lithium. It is believed that the project area contains evolved pegmatites within supportive mineralised settings for lithium-caesium-tantalum pegmatites, based on rock chip sampling and soil geochemistry.
The favourable results underscore the several areas prospective for highly anomalous lithium bearing pegmatites which are stated to be the focus of RC drilling. Woomera believes that the number of soil samples for the combined programs is statistically significant to inform the setting for thresholds for what constitutes anomalous to strongly anomalous values for the Project.
Further, Native Heritage Clearance awaited ahead of drilling program planning. Woomera, therefore, seeks to lodge a Notice of Activity with the Njamal for the upcoming proposed work consisting of access track construction and RC drilling seeking clearance for RC drilling.
At the time of writing, 3 April 2019 (3:03 PM AEST), WML is trading flat. The stock last traded at $0.035 with a market capitalisation of $3.94 million.
Over the past 12 months, the stock has witnessed a negative price change of 76.67% including a plunge of 53.33% recorded in the last three months.
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