42km X 9km Geophysical Anomaly Points To Lithium In Brines At Bitterwasser

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that initial observations of raw uninterpreted renditions of data from the recently completed regional electromagnetic survey over the Bitterwasser Lithium Brines Project have revealed the existence of a number of large geophysical anomalies, some of which are associated with the Lithium-rich Eden clay pan (where a Mineral Resource was defined in clays), and displaying features that are consistent with highly conductive aqueous brine pools.

• Significant geophysical anomalies indicating highly conductive lithium-rich aqueous brine pools identified from initial renditions of raw (uninterpreted) geophysical data at the Bitterwasser Lithium Project
• Most prominent geophysical feature measures 42km in length by 9km in width
• Similar geophysical anomalies are also present under the Eden Pan, where a Lithium in Clay Mineral Resource has been defined1, and the Madube Pan, where drilling intersected lithological units similar to the Eden Lithium Pan2
• Initial observations of the geophysical data confirm the existence of a closed sub- surface basin and, consequently, reinforces the existence of first order geological requirements for the concentration of brines containing Lithium
• Historical agricultural boreholes are coincident with the edge of the most prominent anomaly and contained highly saline results of more than 6,000mg/L total dissolved solids3
• Next steps include interpretation and modelling by Arcadia’s consulting geophysicists to identify drill targets

Jurie Wessels, Executive Chairman of Arcadia stated “This is a significant exploration milestone for Arcadia. The discovery of large and compelling geophysical features conforming to the characteristics of brine trap sites, some of which are situated below known mineralised pans, is the penultimate step forward towards a potential company transforming discovery of brine deposits. Our next step after receiving final interpretation of the geophysical data is to identify drill targets and to commence with drilling operations to explore for deep-seated Lithium deposits.”

Philip le Roux, Chief Executive of Arcadia stated “Combined with all the geological features present at Bitterwasser, such as lithium in the Bitterwasser Mineral Resource clays, favourable source rocks, evidence of geothermal activity, evidence of brines in historical agricultural bore holes, an arid climate and a very old half-graben that forms a closed basin within which enrichment can occur, the results of the survey represent a great step towards possibly confirming the presence of lithium enriched fluids."

Click here for the full ASX Release

This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.