Metalicity starts lithium, copper hunt at Mt Surprise

Metalicity’s hunt for lithium is now underway at its Mt Surprise project with geological field mapping and rock chip sampling from prospective lithologies and key structural features.

Historical rock chip sampling at the project in northern Queensland has returned results such as 3.55% lithium oxide, 125 parts per million tantalum, 0.25% caesium and 1.26% rubidium.

This work also identified significant high-grade copper mineralisation at surface with samples indicating at least 5km of strike potential on a north-south trending system.

Metalicity’s (ASX:MCT) initial activities will focus on areas which produced historical results though it will also review the mineral prospectivity of the entire tenement to help generate lithium and other mineral targets for future programs.

“We are excited to get our feet on the ground and begin fieldwork activities following up the historical rock chips samples on the tenure, which showed that the Mt Surprise Project is highly prospective for lithium (3.55%Li2O), copper (+25%Cu), other base metals and gold,” managing director Justin Barton said.

“This initial program is also designed to target new pegmatites and potential lithium mineralisation to assist with future targeted exploration programs”.

Lithium and more

Mt Surprise is located about 165km from Cairns and 57km northeast of the town of Mt Surprise.

It is considered to be prospective for lithium deposits hosted in pegmatites with lithium minerals such as spodumene and lepidolite as well as in volcanic rhyolites.

The field program will begin with a thorough field review of the Mt Surprise area including detailed mapping and collection of rock chip samples targeting new pegmatites and potential lithium mineralisation across the extensive land holding – particularly along the prospective contact.

Many unspecified dykes interpreted by the Geological Survey of Queensland will also be investigated for pegmatites as part of the upcoming field programs.

Metalicity will also take the opportunity to explore for base metals, including copper as well as gold mineralisation occurrences and prospectivity identified from the desktop historical review.

This article was developed in collaboration with Metalicity, 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.