Reach Resources

High Grade Lithium Results At Yinnetharra

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) Yinnetharra Lithium Project comprises three large 100% owned strategically located projects, Morrissey Hill, Camel Hill and Wabli Creek, in the centre of the Yinnetharra area of the Gascoyne Mineral Province, totalling 232 km2 (see Figure 1). The Projects are highly prospective for Lithium and Rare Earth Element mineralisation with demonstrated high grade results (Refer to RR1 ASX Announcement 13/02/2023).


HIGHLIGHTS

  • Lithium mineralisation confirmed with rock chip samples reporting highly encouraging assays of up to 2.3% Li2O (lithium oxide); 4295ppm Cs (caesium) and 705.8ppm Ta2O5 (tantalum oxide).
  • Multiple large, strike extensive, lithium-bearing pegmatites of the Spodumene-Petalite Subtype (1Featherstone, J.M, 2004) confirmed at the Company’s Yinnetharra tenements, directly adjoining Delta Lithium (formerly Red Dirt Metals) and Minerals 260 (Figure 1). Results from the Bonzer and Malibu Prospects at the Company’s Morrissey Hill Project include:
  • Bonzer Prospect (Morrissey Hill E09/2375)
    • 23RRRK00010 - 22,990ppm or 2.30% Li2O, 4295ppm Cs, 705.8ppm Ta2O5 and 7978ppm Rb.
    • 23RRRK0003 - 14,422ppm or 1.4% Li2O, 2873ppm Cs ,714.4ppm Ta2O5 and 4891ppm Rb.
    • 23RRRK0002 - 12,832ppm or 1.3% Li2O, 2205ppm Cs, 243.4ppm Ta2O5 and 4108ppm Rb.
  • Malibu Prospect (Morrissey Hill E09/2375)
    • RRRK00046 - 6524ppm or 0.65% Li2O, 505ppm Cs, 81.1ppm Ta2O5 and 1426ppm Rb.
    • RRRK00047 - 2050ppm or 0.20% Li2O, 117ppm Cs, 185.5ppm Ta2O5 and 966ppm Rb.
    • RRRK00049 - 3547ppm or 0.35% Li2O, 190ppm Cs, 153.8ppm Ta2O5 and 1293ppm Rb.

Commenting on the results CEO Jeremy Bower said:

“These are seriously good results, considering we have only had time to target a small percentage of the total outcropping pegmatites on site. We estimate in excess of over 50 pegmatites remain untested across our three projects.We are particularly excited about the Bonzer Prospect, which is a clear walk-up drill target.

We now have consistently high lithium grades from this very large pegmatite which is at least 1.5 km long with lithium bearing minerals at surface.

Our field crews are heading back to site next week to commence systematic surface geochemical sampling which should deliver a pipeline of additional target areas to those which we have recently identified. These results make our upcoming drill program very exciting for the Company and shareholders.

It is great to see the likes of David Flanagan’s Delta Lithium and Tim Goyder’s Minerals 260 taking big positions around us, we are clearly in a sweet spot of one of the hottest critical mineral regions in Australia right now.

Without putting too fine a point on it, the more time we spend on the ground the more lithium pegmatites we are finding and the greater the potential for success in the upcoming drilling programs. The Future is within Reach”.

RR1 recently conducted a limited scope helicopter supported reconnaissance rock chip sampling program aimed at confirming historical mapping and sampling results as well as targeting outcropping pegmatites identified by independent geological experts RSC. All of the pegmatites are located within the “Goldilocks” zone of the regionally extensive Thirty Three Granitic Supersuite – recognized as the parental source to the Yinnetharra rare metal pegmatites (Figure 2).


Click here for the full ASX Release

This article includes content from Reach Resources, 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.

RR1:AU
The Conversation (0)
Reach Resources

Quarterly Activities/Appendix 5B Cash Flow Report

Reach Resources Limited (ASX: RR1) (“Reach” or “the Company”) provides its activities report for the quarter ended 30 June 2023.

Keep reading...Show less
Reach Resources

Outcropping Copper Gossan Delivers 33% Cu Assays At Morrissey Hill Project, Yinnetharra

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce that it has received high grade copper, gold and silver results up to 33% copper, 0.2g/t gold and 142g/t silver from its recently completed rock chip sampling program at the Company’s Morrissey Hill Project, Yinnetharra, W. A (Refer to Figure 4).

Keep reading...Show less
Reach Resources

Reach Resources’ Strategic Position Between Two of WA’s Mining Heavyweights

Reach Resources’ (ASX:RR1) strategic position with its Morrissey Hill project has placed the critical mineral explorer on the radar of two of Western Australia’s mining giants Delta Lithium (ASX:DLI) and Minerals 260 (ASX:MI6), according to an article published in The West Australian.

Keep reading...Show less
Reach Resources

Multiple New Lithium (LCT) Pegmatite Targets Confirmed

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) engaged globally renowned geological consultants RSC Consultants Limited (RSC) to assess the potential of the Company’s Gascoyne projects for:

  • Lithium (Li): hard rock, high grade LCT Pegmatites
  • Rare Earth Elements, Heavy and Light (HREE; LREE): clay/hard rock hosted
  • Manganese (Mn): high grade strata bound, supergene, and• Precious and base metals (Au; Ag; Cu-Pb-Zn)
Keep reading...Show less
Apollo Minerals Limited

Exploration Update - Visible Gold Intersected at Salanie

Apollo Minerals Limited (ASX: AON) (‘Apollo Minerals’ or ‘the Company’) provides an update on its exploration activities at the Salanie Gold Project (“Salanie”) in Gabon and the Belgrade Copper Project in Serbia. The first round of drilling has now been completed at both projects. Visible gold has been intersected at the A1 Prospect at Salanie, an area that has not seen exploration or modern drilling in 70 years.

Keep reading...Show less
Metal Bank Limited

Wadi Al Junah VMS-Style Copper-Zinc-Gold-Silver Project in Saudi Arabia

Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is pleased to announce further details regarding the Wadi al Junah Copper-Zinc-Gold-Silver Project (‘Wadi al Junah’ or ‘the Project’), which has been awarded to Consolidated Mining Company (CMC) following a highly competitive Saudi government exploration licensing Round 6.

Keep reading...Show less
Octava Minerals Limited

Octava to Commence Drilling at Yallalong High-Grade Antimony Project

Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”), a Western Australia focused explorer of the new energy metals antimony, REE’s, Lithium and gold, is pleased to report that the drill rig is relocating to site at the Yallalong antimony project and will commence drilling this weekend. Drilling will focus on two antimony targets, Discovery and Central, with No.4 and North targets to be drilled in the new year.

Keep reading...Show less
Warriedar Resources

Targeted Exploration Focus Delivers an Additional 471koz or 99% Increase in Ounces, and a Higher Grade for Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on an updated MRE for its flagship Ricciardo Gold Deposit, part of the broader Golden Range Project located in the Murchison region of Western Australia.

Keep reading...Show less
Octava Minerals Limited

Octava Selects Drilling Contractor for its Yallalong Antimony Project in Western Australia

Australian mineral exploration company Octava Minerals (ASX:OCT) has selected the drilling contractor for the exploration work commencing at its 100-percent-owned Yallalong antimony project, according to an article by Business News - Australia. The deal will kick off the company’s 3,000-metre program focused on the Discovery target.

Keep reading...Show less
Australian flag with "economy" and "growth" blocks.

Western Australia Allocates AU$14 Million to Improving Environmental Approval Process

Western Australia's governmentsaid on Monday (November 11) that it is allotting AU$14 million to support the employment of additional staff at the Environmental Protection Authority (EPA) and the Office of the Appeals.

The boost comes in response to the Vogel-McFerran Review commissioned by the government in 2023. It recommended various steps to speed up the state's environmental approval system and secure major projects.

According to the government, employing additional staff will help address existing backlogs and provide faster decisions “without impacting the high standard for protecting WA's unique environment.”

Keep reading...Show less

Latest Press Releases

Related News

×