Okapi exploration highlights 2km lithium target at Lake Johnston
Link copied to
Okapi Resources (ASX:OKR) could add lithium to its minerals suite after soil sampling at its wholly-owned Lake Johnston project uncovered a 2km lithium target.
Lithium in soil results of up to 86 parts per million compare favourably with nearby results announced by Charger Metals (ASX:CHR) last month.
Several gold anomalies have also been identified over 5km in strike and several hundred metres width on the tenement E63/2039 along interpreted structures that also extend to gold anomalies on the adjoining Mount Day joint venture with Lithium Australia (ASX:LIT).
Lake Johnston is located in the central Lake Johnston Greenstone Belt that hosts the Maggie Hays and Emily Ann underground nickel mines.
“At this early stage of exploration on the project, we are very pleased to be receiving encouraging results for both gold and lithium,” executive director David Nour said.
“We will be looking to fast track exploration by confirming the on-ground expression of the structures and pegmatites hosting these metals, and working towards receiving the necessary clearances as soon as possible to drill these targets.”
The company’s soil sampling program consisted of 664 samples on a 200m by 50m grid to infill and complement historical results.
Basic mapping conducted during the soil program recorded several pegmatites in zones of lithium-caesium-tantalum mineralisation.
These pegmatites will be confirmed in the near future with more detailed mapping and sampling, with a view towards finalising drilling positions.
Work also determined gold anomalies that confirm and extend historically-reported anomalism.
This anomalism extends over 5km along interpreted structures where they lie under shallow soil cover and are predominantly not associated with the historical Maggie Hays Hill gold workings.
Okapi noted that most of the currently identified anomalous gold trends have not yet been tested by drilling.
This article was developed in collaboration with Okapi 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.