HIGHLIGHTS
- A small first pass, site reconnaissance soil and rock chip sampling program was completed 6 -
- Roadside verge soil sampling was also conducted on E70/5980-5981 and E70/6551 centred about 10km south east of the Greenbushes mine. A total of 33 samples were taken overall with several areas returning anomalous lithium up to 91.9ppm Li against a background of about 20-40ppm Li.
- 234 pulps were retrieved from the 2021-2022 RC gold program at Yarmany and resubmitted for lithium and pathfinder geochemistry late in
o 4m @ 72.5ppm Cs, 30ppm Nb, 417.2ppm Rb and 55.5ppm Ta (YMRC22035 56-60m)
o 8m @ 93ppm Li (adjacent hole YMRC21036 20-28m, background values were 20-40ppm Li)
- All but one of the 2021-2022 drill holes, including YMRC21035-21036, lie outside the proposed anomalous soil areas. The above results do not confirm pegmatites or spodumene mineralisation, they do however indicate that pathfinders and lithium are active and requires further investigation.
Commenting on the exploration results, Chief Executive Officer Mr
"Although very early days at both our Yarmany East and Greenbushes Lithium projects, it is pleasing to have begun reconnaissance and early-stage work to increase our understanding in these areas in preparation for future drill test programmes, particularly at Yarmany East where we have previously identified approximately 14km of strike of unexplored lithium anomalies. In parallel, the Company is also considering potential strategic options for our emerging lithium assets."
Summary of Results
Bridgetown-Greenbushes Li
First pass rock chip and soil sampling has been undertaken on the granted tenure at Horizon's Bridgetown-Greenbushes lithium projects. A simple field inspection was also completed on some of the Company's new tenement applications to evaluate their potential and assist in the granting process. Some weathered pegmatite outcrops were noted on, or adjacent to, Horizon's tenure and provide visual confirmation of the prospectivity.
Early encouragement was noted on E70/5981 where a micaceous felsic schist sample (MRP049763) recorded elevated pathfinder values of 150ppm Be, 227ppm Rb and 128ppm Sn. Lithium was 3ppm only. Refer to Tables 1-2* for full details.
Thirty-three (33) soil samples were taken on roadside verges within the granted tenure and submitted to Labwest in Malaga for ultrafine multi-element analysis on
Yarmany East Li
Following on from the ASX release on the
The majority of the drilling was located outside the anomalous auger and soil areas. The re-assayed results received mid
Nevertheless, there were no clear assays supporting significant primary lithium mineralisation in the drill holes analysed. There are no further results outstanding for the Yarmany East tenements regarding lithium samples.
An independent third party also visited Yarmany East with permission and gathered 13 samples across one of the main proposed lithium soil anomalies on E16/493 and completed multi-element assays upon different size fractions. The assaying results were consistent with, and confirmed, the proposed anomaly. These new samples are shown in Figure 3* below.
Next Steps
Further infill soil and rock chip sampling is planned at the
The Company is also planning an infill and extension auger program, and subject to the results, will undertake further drilling activities.
The Company also has ongoing and incomplete discussions with various parties undertaking due diligence which have expressed interest in acquiring or earning in to the lithium rights at Yarmany East.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/UIGSKFBX
About
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of
Contact:
Chief Executive Officer
T: +61 8 9386 9534
E: grant.haywood@horizonminerals.com.au
Media Relations -
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au
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