Australia stock exchange listed mining and exploration junior Prospect Resources has approved phase 4 drilling at the Step Aside lithium project in Goromonzi with proposed 2,000m diamond drilling set to commence this late January.
Rudairo Mapuranga
According to Prospect Resources, quarterly activities report for the quarter that ended 31 December 2023, the diamond drilling is targeting extensions at WinBin further south and following up on high-grade intersections at Pegmatite E.
The company’s Initial Phase 3 drilling programme produced outstanding results with discovery holes CDD055-056 delineating a new “WinBin” pegmatite discovery zone; the initial intercept returned 23.1m at 1.03% Li2O from 45m, including 11m @ 1.51% Li2O from 54m. Follow-up diamond drill hole CDD056 returned 33m @ 1.18% Li2O from 81m, including 24m @ 1.41% Li2O from 88m. An extended programme designed to further test the WinBin discovery was conducted during the quarter with a total of 44 holes drilled for approximately 5,100m drilled.
PROSPECT said Assay results received throughout the follow-up drill program from holes targeting the WinBin discovery returned excellent results of:
➢ 5.62m @ 1.48% Li2O (CDD053) from 69.38m and 6.68m @ 1.17% Li2O (CDD057)
from 37.05m.
➢ 20.0m @ 1.34% Li2O from 45m, incl. 6.0m @ 2.21% Li2O from 48m (CDD063)
➢ 12.0m @ 1.45% Li2O from 131m (CDD066)
➢ 8.0m @ 1.87% Li2O from 93m, incl. 4.0m @ 2.12% Li2O from 96m (CDD061)
➢ 8.46m @ 1.36% Li2O from 120.54m (CDD059)
The company said Follow-up results demonstrated that the mineralised feeder zone extends from WinBin through to an extension of Pegmatite C, open at depth and to the south and combining strike of cojoined mineralisation to approximately 580m.
According to Prospect Assay results for 10 holes remain outstanding and are scheduled for receipt in Q1 2024.