Galaxy Resources Reports More Repetitions Encountered Under Main Pegmatite at Mt Cattlin

Galaxy Resources Limited (ASX:GXY) announced that it has completed the first stratigraphic diamond drill hole at the Mt Cattlin Lithium‐Tantalum deposit, located 1km to the northwest of Ravensthorpe, in the Great Southern region of Western Australia, to a depth of 879.6m.
As quoted in the press release:

This announcement follows on from an earlier announcement to the ASX on 25 February 2016, and is designed to provide greater geological understanding of the Mt Cattlin orebody. The drilling will also assist in determining optimal depths for future infill and extensional drilling of the known lithium‐tantalum resource.
Multiple intercepts of spodumene‐bearing pegmatite have been intersected in the new drilling, and the following pegmatite intervals (minimum width approximately 2.5m) were noted1:

• 65.7‐91.9m*
• 93.5‐96.2m*
• 107.9‐111.3m*
• 165.8‐168.5m*
• 175.0‐178.0m*
• 427.0‐429.3m
• 825.5‐829.5m (in MTCDD1W1)

True widths are expected to be 80‐100% of the pegmatite drill interval. Currently only the first interval is captured by the current resource model. Additional intercepts encountered thus far are considered significant in that the pegmatite, while mostly flat‐lying, can roll and swell in thickness along dip and strike, and represent exploration targets for further drilling.
Significant disseminated and laminated sulphide occurrences, (pyrrhotite, pyrite, chalcopyrite, and local arsenopyrite) were noted between 800‐860m, along with magnetite occurrences at approximately 845‐855m, and sampling and assaying for other metals within the wider zone will occur after the priority pegmatites are sampled for lithium, tantalum, and other associated elements.
In addition, multiple discrete zones of chalcopyrite mineralisation in vein and breccia features were observed between 400 and 490m downhole, and will also be sampled and analysed after geological and structural investigations are complete.
Further geological investigation of all zones is ongoing, and the hole has been surveyed for accuracy, magnetic susceptibility, natural gamma, density, resistivity and logged by optical and acoustic televiewers.

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