Scorpion Minerals’ 2.36pc Li20 hit indicates the makings of a large lithium project at Youanmi
Recently completed RC drilling at Youanmi has pulled up high-grade mineralisation up to 2.36% Li20, showing early signs of a considerable lithium project.
Scorpion Minerals (ASX:SCN) says these latest assays confirm significant high-grade lithium mineralisation hosted by shallow east-dipping LCT pegmatites along 3km of strike and extending to a minimum of 175m below surface.
The results have uncovered individual pegmatites up to 1,000m long and surface exposures suggest widths from 5m to 15m while drilling intersected lithium mineralisation up to 13m in thickness.
Individual 1m assays have returned up to 2.36% Li20 in stacked LCT pegmatites with standout intersections including 5m at 1.13% Li20 from 79m, 9m at 0.90% Li20 from 108m, and 6m at 0.92% Li20 from 113m.
SCN says further RC drilling is now underway to infill section spacing, test down dip and along strike.
Additional planned exploration will include geological mapping, soil geochemistry, RC/Diamond drilling of lithium targets and XRD mineral analysis.
SCN managing director Michael Fotios says with these wide, high-grade intersections of lithium mineralisation, the company is quickly assembling a high-quality data set at Youanmi.
“These results so far are showing all the early signs of a considerable lithium project,” he says.
“We have already commenced infill drilling, and we expect to have a steady pipeline of operational news flow over the coming months, and I look forward to reporting further updates from across the business to shareholders.”
This article was developed in collaboration with Scorpion Minerals, 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.