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Galaxy Resources Limited (ASX:GXY) announced that it has commenced diamond drilling of the near production Mt Cattlin lithium-tantalum deposit, located 1km to the northwest of Ravensthorpe, in the Great Southern region of Western Australia.
Galaxy Resources Limited (ASX:GXY) announced that it has commenced diamond drilling of the near production Mt Cattlin lithium-tantalum deposit, located 1km to the northwest of Ravensthorpe, in the Great Southern region of Western Australia.
As quoted in the press release:
The current drill program is designed to follow up on intersections of spodumene-bearing pegmatite encountered in very sparse drilling (undertaken in 2008 by project partner Galaxy Resources Limited, ASX:GXY) underneath the known pegmatite occurrence, and to test for potential gold and gold-copper mineralisation in the Archean greenstones which host the Mt Cattlin pegmatite.
The immediate geological environment hosts other local gold, gold- copper and copper occurrences, including the Lady Jessie workings within the Dowling Pit which contains much of the current lithium resource. Previous drilling was almost exclusively vertical and not analysed for gold or copper.
Drilling has commenced and is continuing on a double shift basis. The hole is nominally designed to 600m depth, drilled at an azimuth of 200⁰, inclined at 60⁰ and is considered important to test various flat-lying stratigraphic horizons (below the depths tested in 2008 of approximately ~200mbs) indicated by reflectors in seismic work conducted during 2010-11.
Drilling will also determine optimal depths for future infill and extensional drilling of the lithium-tantalum resource within the main pegmatite. A second similar depth hole is proposed to the north east of the current location, also collared within the current pit. The location of additional deep holes is contingent on outcomes from these holes.
Galaxy Resources General Mining Executive Chairman, Michael Fotios, stated:
These two stratigraphic drill holes will add considerably to our understanding of the deeper system below the main pegmatite, and help inform any future campaigns aimed at expanding the size of the Mt Cattlin Project.
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