Miramar flags huge Lang Well lithium & REE potential, already ID’s 50 mapped pegmatites in historic data
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The explorer’s historic data review has highlighted multiple pegmatite occurrences with strong Rare Earth Element (REE) and/or lithium mineralisation potential at its Lang Well project in WA.
Miramar has reported at least 50 mapped pegmatite occurrences – including a swarm of outcropping pegmatites over at least 7km of strike in the northern half of the project.
A limited aircore programme in 2010 intersected highly anomalous REE’s including 4m at 0.15% Total Rare Earth Oxides (TREO) from 28-32.
But there’s been no mineral exploration between 2010 and the company securing the ground in 2019 – and there has been no systematic exploration for lithium or REEs
Miramar Resources (ASX:M2R) executive chairman Allan Kelly said the company was thrilled and excited by the presence of so many pegmatite occurrences.
“The Lang Well Project covers a very large area with only about 20% outcrop,” he said.
“Most of the 50 recorded pegmatite occurrences are in the outcropping area in the north – whereas the single historical aircore traverse intersected anomalous REE’s in an area of transported cover in the southeast,” he added.
“We think the potential, therefore, is highly likely for a significant number of other pegmatite occurrences either outcropping or below shallow cover,” he said.
Miramar will shortly complete soil and rock chip sampling across the northern pegmatite trend.
The company is also planning a detailed drone magnetic survey over the south-eastern portion of the tenement to aid with the upcoming aircore drilling program – which will test the gold anomalism from a historical auger program in 2009.
This article was developed in collaboration with Miramar Resources Limited, 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.