Not even half the soil samples are in yet and Reach is spinning the drill bit next week at Morrissey Hill. Pic via Getty Images.
Bonzer soil samples light up Morrissey Hill’s lithium potential for Reach Resources
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First assays from soil sampling at the Bonzer pegmatite field at Reach Resources’ Morrissey Hill lithium project in the Gascoyne are literally lighting up the tenement area.
High grades of up to 759 parts per million (ppm) Li2O have been discovered from 833 soil samples covering Reach Resources’ (ASX:RR1) Bonzer pegmatite field.
More than 60% of the assays received to date have reported back lithium grades >100ppm with an average of ~128ppm – a sizeable strike rate that legendary Australian cricketer Adam Gilchrist would be proud of.
These first results are part of a larger, >2,000 regional and infill soil sample program at Morrissey Hill, yet have already spurred RR1 to commence maiden drilling next week, along strike of Delta Lithium’s (ASX:DLI) monster Malinda lithium project in the Yinnetharra.
RR1 MD Jeremy Bower says the entire grid sampled across the Bonzer pegmatite field has literally lit up with lithium – check out the heat map:
“The first round of assay results received from our soil sampling program has defined multiple high-priority targets at the Bonzer pegmatite field at Morrissey Hill,” Bower says.
“The presence of lithium in soils at these extremely high levels is another piece of critical data we are using to refine our high-priority drill targets.”
Results from the remaining soil sampling grid located in the northern portion of the project and additional regional soil samples are pending and expected in the coming weeks.
RR1 has plenty of ground in the Yinnetharra area, with Morrissey Hill just one special target the explorer is focused on, as the company also owns the nearby Camel Hill and Wabli creek projects, the latter of which is reporting promising niobium hits.
After a $4m cap raise that was sold to investors without a discount, RR1 is ready to get drilling.
An up-and-coming mining precinct
Reach is in good company, too. Right next door to Delta and near Liontown spin-off and Tim Goyder-backed Minerals 260 (ASX:MI6) tenements.
More regionally, there’s a slew of explorers chasing gold, nickel, lithium, REE’s and other base metals. And they all know there’s value beneath the ground in the exciting Gascoyne minerals district.
“Clearly the Gascoyne is having some fantastic successes,” Bower says. “The future is within Reach.”
This article was developed in collaboration with Reach Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
