Victory Goldfields strikes the pegmatites for the first time at North Stanmore
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Pegmatite has been struck in the first 200m of a total 3,400m program at Victory’s North Stanmore Project.
A combination of aircore, reverse circulation and diamond drilling programs are underway across three projects in Western Australia’s Cue region where gold and IOCG targets will be tested.
Victory’s Goldfields (ASX:1VG) chief geologist has identified pegmatite in aircore drill chips in early drilling across the North Stanmore Project, around 15km north of the Cue township.
Now, a priority assay program is planned to test for lithium and pathfinder indicators from these pegmatite occurrences.
1VG executive director Brendan Clark said it is very exciting to have identified pegmatite in drilling across a 200m section at the North Stanmore Project.
“This is the first potential lithium anomaly the company has identified across our large, underexplored tenement package, and we are now accelerating an assay program to test for lithium and pathfinder indicators from these pegmatite occurrences,” he said.
In parallel, a diamond drill rig will mobilise to site this week to drill 270m at Victory’s potential IOCG target.
Another 650m RC drilling program at Victory’s Coodardy project will begin in May, designed to search for a supergene enriched orebody near surface.
1VG says overall, drilling will target high-priority regional exploration targets with potential to complement the mineral resource estimate also due in May.
This article was developed in collaboration with Victory Goldfields, 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.