Chariot Resources (ASX:CHZ) has secured a promising drill target at Black Mountain, positioning itself on one of the largest lithium landholdings in the USA.

August 20, 2024 12:20 PM AEST | By Team Kalkine Media

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Chariot Resources (ASX:CHZ) has secured a promising drill target at Black Mountain, positioning itself on one of the largest lithium landholdings in the USA. — Image source: shutterstock

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Chariot Corporation (ASX:CHZ) has identified a promising new drill target at its flagship Black Mountain lithium project, leveraging the presence of potassium-rich feldspar as an indicator mineral. This new focus is driven by the discovery of a cluster of outcropping pegmatites on-site, which aligns with the geological conditions necessary for significant lithium mineralization.

Key points include:

1. Drilling Target Identified: The discovery of potassium-rich feldspar at the Black Mountain project has led Chariot to designate a new drill target. Feldspar's potassium content is used to indicate potential lithium deposits, which is a key factor in the company’s exploration strategy.

2. Project Potential: Black Mountain is one of the largest lithium landholdings in the USA. The presence of spodumene-bearing pegmatites and high concentrations of potassium in feldspar supports the project's potential for substantial lithium finds.

3. Future Plans: Chariot is expanding its drilling efforts to test the newly identified Southern Target Area. The use of portable X-Ray Fluorescence (pXRF) technology and analysis of potassium-feldspar samples are expected to advance exploration and confirm the lithium mineralization potential in the area.

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