• Lord Resources preparing to carry out deeper RC drilling for lithium at Horse Rocks
  • Previous exploration has proved that a fertile LCT system is present
  • Magnetic survey has identified magnetic lows that correlate with mapped pegmatites
  • These lows also hint at existence of larger buried pegmatites at greater depths

 

Lord Resources is champing at the bit as it positions itself to launch deeper RC drilling at its Horse Rocks project where exploration carried out earlier this year had uncovered promising lithium prospects.

The project is positioned on the northern end of what former Delta Lithium executive chairman David Flanagan described as the “lithium corridor of power”, an extensive bit of WA real estate that stretches from Kathleen Valley near Kalgoorlie down to Esperance.

Notably, this zone is home to major lithium resources such as Bald Hill, Dome North and most importantly for Lord Resources (ASX:LRD), the Mt Marion lithium mine which is about 8km east of the 23.8km2 Horse Rocks project.

Horse Rocks is 23km south of Coolgardie and sits on the flank of the same source granite – the Kalgoorlie Terrane – as Mt Marion and hosts mapped pegmatites that were untested until the company was granted the project in September last year.

Historical drilling identified elevated nickel within the ultramafic sequences, along with gold anomalism in surface sampling.

The company also acquired in May 2023 the Jing Jing lithium project that is equidistant between the Bald Hill mine and the Buldania lithium project about 125km southeast of Kalgoorlie.

Subcropping pegmatites have been observed with elevated tantalum in rock samples at Jing Jing, whose geological setting is within the ‘Goldilocks Zone’ for LCT deposits with greenstone lithologies within 5km of granitic intrusions.

A large surface Geochem sampling programme is currently underway with results expected in the next 4 weeks.

 

Initial exploration puts the spotlight on lithium potential

Lord Resources was quick off the mark, starting an initial round of drilling in March this year.

This proved beyond a doubt that Horse Rocks is within a fractionated lithium-caesium-tantalum system with drill chips from the reverse circulation program highlighting the presence of fine-grained weathered spodumene, cookeite (another lithium-rich mineral), and secondary lithium mineral.

The company followed on the drill program with a high resolution magnetic drone survey which uncovered multiple new target areas where clusters of intense magnetic ‘lows’ indicate potential pegmatite bodies at depth.

Importantly, these magnetic lows correlated with mapped pegmatites while the number of such features hint at the existence of larger buried pegmatites at greater depths.

 

Forward plan

Once  heritage surveys are complete  imminent  deeper RC drilling that will provide a fresh perspective on the project’s prospects.

It is also worth noting the veracious appetite of late for these kind of projects by the likes on Mineral Resources (ASX:MIN)  and Hancock Prospecting  with several recent incursions onto the register of  Essential Metals, Delta Lithium, Liontown. To garner that sort of interest Lord would need to deliver some positive results from Horse Rocks in its upcoming drill program but if results were good and given the projects location (8km from Mt Marion) it could be game on.

 

 

This article was developed in collaboration with Lord 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.