The multiple pegmatite outcrops identified along 8km of strike are interpreted to belong to the same pegmatite group. Pic: via Getty Images.
Mining
Patriot Lithium (ASX:PAT) has found a massive 8km long pegmatite trend at its 100% owned Gorman project in Ontario, Canada.
The trend included individual surface pegmatite outcrops up to 14m wide, with the company also identifying a second, less well exposed trend, with a known strike length of 530m and open, just 5km north of the main trend.
Not only is the scale of the trend a key factor, but Patriot Lithium (ASX:PAT) notes it’s also notably along trend from Frontier Lithium’s world-class PAK-Spark project.
Rock samples collected during Phase I and II reconnaissance exploration have now been submitted to ALS Laboratories for assaying with results expected in early August.
The pegmatites on the Gorman property occur along an interpreted extension of the Bearhead Lake Fault which appears to run from PAK-Spark to Gorman.
“Patriot’s initial exploration at Gorman has delivered exceptional results, with significant pegmatites up to 14m in mapped outcropping width at surface, having been mapped along an open-ended trend of 8km,” Patriot Lithium CEO and MD Nicholas Vickery said.
“This early result further illustrates the superb quality of the Bearhead Lake Fault trend which appears to span around 75km from Frontier Lithium’s PAK- Spark project in the southeast to Patriot’s Gorman project in the northwest.
“Many thanks to our extremely capable exploration team for carrying out such a thorough program, in remote locations and over a very compressed period of time.
“We look forward to receiving assay results in the near future to confirm whether these pegmatites have the potential to host significant lithium mineralisation.”
Following the success of Phase I and II reconnaissance, Patriot has expanded its claim holdings by ~34 km2 bringing the total Gorman claim area to 349km2.
The added claims capture the potential Bearhead Lake Fault trend under cover as indicated by pre-competitive regional-scale airborne magnetic and adds greater certainty of successfully capturing the extensive pegmatite trend that has been identified within Frontier Lithium’s, Midex Resources’ and Patriot’s properties.
The next phase of work at Gorman will be the continuation of geological mapping of pegmatites, with rock and sawn channel samples to be collected and tested.
A soil sampling program is also being planned to target potential extensions along strike from the mapped pegmatite trends – and is expected to commence in the third quarter of 2023.
Once assay results have been received and assessed, Patriot will select primary targets and obtain necessary permits ahead of a maiden drill program which, pending receipt of all relevant approvals, is expected to commence in the second quarter of 2024.
This article was developed in collaboration with Patriot Lithium, 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.
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