RBX astounds with pegmatites galore at Wali lithium project

Abundant pegmatites spanning distances of 1,600m have been identified over the Wali project, suggesting potentially large systems under RBX’s James Bay tenure.

Resource Base (ASX:RBX) has generated a number of impressive targets at the Wali project following the visual identification of pegmatites over an extensive strike.

These high priority targets support the known data on significant magnetic breaks, and previous known pegmatite occurrences from SIGEOM (the Quebec online mining information system).

The data has also been paired with the information produced in a recent airborne magnetic survey and target generation swiftly undertaken via desktop analysis of historical mapping and airborne surveys with on-ground teams awaiting commencement.

Explo-Logik are currently on standby, pending the lifting of the fire ban and subsequent road closure in the western province which prevents access to the project to begin mobilisation.

Excited by lithium prospects

According to RBX executive director Brent Palmer, the company is excited with the visuals in arguably The World’s pre-eminent lithium address.

“The significant magnetic breaks observed paired with outcropping have earmarked abundant high-priority targets and encouragingly, the prospective structures of note are known areas of interest to the company,” he said.

Magnetic interpretation

The location of dykes and faults correlate with the recordings of pegmatite outcrops previously identified by SIGEOM.

This has resulted in excellent structural detail of the Wali Project, RBX says, and has identified some highly prospective targets with more than 20 landing sites for the forthcoming fieldwork program.

James Bay lithium projects

The company completed the acquisition of the prospective Wali and Ernst Lake projects during the quarter, which are in close proximity to Patriot Battery Metals’ (ASX:PMT) Wali project and Winsome Resources’ (ASX:WR1) Ernst Lake project in James Bay, Canada.

RBX said mapped pegmatites and historical sampling will be explored rigorously over a three-month field work exploration phase, to quickly prove up drill-ready targets.

Results have been received from a detailed airborne magnetic survey conducted over the Wali project with high priority targets and anomalies identified to be followed up for potential lithium-bearing pegmatite intrusions.

This article was developed in collaboration with Resource Base, 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.