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Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) advises it has identified potential for lithium-bearing pegmatites at the Company’s 100%-owned Randalls Project (“Randalls” or “the Project”), located approximately 70km east of Kalgoorlie in the Eastern Goldfields of WA.
- Comparable geological setting to the Bald Hill and New Dawn Lithium Projects
- No previous exploration for lithium within Randall Project tenements
- New applications consolidate land position over prospective geology
The Randalls Project is located on the northeastern margin of the “Randall Dome”, a folded sequence of black shales, banded iron formation (BIF) and other sediments of the Mt Belches Formation, underlain by a central granitoid core (Figure 1).
According to the Geological Survey of WA, the Randall Dome was formed by the combination of granite emplacement and east-west compression resulting in a doubly-plunging anticline with a NNW-SSE- trending central axis (Figure 2).
As such, Miramar’s tenements are diagonally opposite and in a similar stratigraphic position to several significant lithium-bearing pegmatites on the southwestern margin of the Randall Dome including:
- Bald Hill – the subject of a takeover by Mineral Resources Ltd (ASX Release 4 Sept 2023)
- New Dawn – recently purchased by Torque Metals Ltd (ASX Release, 5 Sept 2023)
- Cowan - multiple lithium-bearing pegmatite occurrences
Regional radiometric data shows significant potassium anomalism associated with these known lithium pegmatites. Similar potassium anomalism is seen within the Randalls Project tenements north of Lake Randall (Figure 3).
Pegmatites are common south of Lake Randall however a review of historical open file data reveals no evidence of exploration for lithium over the Randalls Project tenements, with previous work mostly limited to gold exploration within the folded BIF which hosts the Mt Belches gold deposits operated by Silver Lake Resources Limited.
Miramar’s Executive Chairman, Mr Allan Kelly, said that, given the strong similarities between Randalls and the Bald Hill area and the lack of previous exploration, there was significant potential for the discovery of lithium bearing pegmatites within the Company’s tenements.
“Our Randalls Project is basically a mirror image of the Bald Hill and New Dawn areas, on the other side of the Randall Dome,” Mr Kelly said.
“The regional radiometric data strongly suggests that there could be lithium bearing pegmatites hidden under thin surficial cover within our tenements but they could be easily missed even when specifically targeted,” he added.
“We are excited about the opportunity to discover lithium bearing pegmatites on our ground,” he added.
The Company will complete a soil geochemical survey over the granted tenement, E25/596, and undertake reconnaissance sampling over its existing tenement applications.
Miramar has also increased its land position over the most prospective geology by submitting applications for four new Exploration Licences.
Figure 1. Randalls Project regional geology showing lithium projects and pegmatites.
Figure 2. Interpreted geology of the Mount Belches 1:100,000 sheet (Painter and Groenewald, 2001).
For more information on Miramar Resources Limited, visit the Company’s website at www.miramarresources.com.au, follow the Company on social media (Twitter @MiramarRes and LinkedIn @Miramar Resources Ltd) or contact:
Allan Kelly | Margie Livingston |
Executive Chairman | Ignite Communications |
Click here for the full ASX Release
This article includes content from Miramar Resources Limited, 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.
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Significant Number of New LCT Pegmatite Targets Generated from Airborne Lidar at Aqua Property, James Bay – Quebec, Canada
Highlights:
- Airborne LiDAR and high-resolution photography flown across the La Grande Lithium Project.
- Assessment of data from LiDAR and high-resolution photography has generated a total of 123 LCT pegmatite targets across the Aqua Property.
- High-priority targets commence just ~200m to the east of FIN Resources’ significant spodumene showings1, which have returned assayed grades of up to 6.85% Li2O2.
- The La Grande Project is a highly prospective lithium property located along trend from Winsome Resources' (ASX: WR1) Cancet Lithium Project and Patriot Battery Metals (ASX: PMT).
LiDAR has been utilised to measure and map out the variations in slope, aspect and elevation to study landforms. The Company’s exploration team has examined all the variations in slope and elevation to identify and confirm high-priority areas which sit proud of other structures, as these are some of the key geological features expected of Lithium-Caesium-Tantalum (LCT) pegmatites in the region. Once structures have been identified utilising LiDAR, the James Bay Minerals team overlayed these onto high-resolution photos where white outcropping is visible generating key targets. This methodology will also be deployed in the assessment of JBY’s other La Grande Properties and its Troilus Project.
James Bay Executive Director, Andrew Dornan, commented:
“This is another exciting development for the Company with over 120 LCT pegmatite targets identified across our Aqua Property. Given we have the three key geological ingredients for giant LCT lithium- pegmatite deposits – along with FIN Resources’ spodumene discovery on the border of our Property – our confidence in the prospectivity at Aqua and the potential for a significant lithium discovery continues to grow.”
In conjunction with its exploration partner, Breakaway Exploration, JBY is in the process of planning a targeted field program across the Aqua Property focused on field mapping the new LCT pegmatite targets generated from LiDAR and high-resolution photography. This program is planned to commence in the first half of 2024.
Figure 1 – High-priority LCT pegmatite targets across the Aqua Property.
Figure 2 – Aqua Property high-priority LCT pegmatite targets within the north-western section of the Property, within proximity to FIN Resources’ discovery.
LiDAR, an acronym of "light detection and ranging" or "laser imaging, detection and ranging" is a method for determining ranges by targeting an object or a surface with a laser and measuring the time for the reflected light to return to the receiver.
LiDAR surveys produce a high-resolution topographical image of the surface, allowing detailed desktop exploration of outcropping pegmatites and prospective geological features. The survey will deliver a digital elevation model (DEM) on a 1x1m grid scale with an overlying image of 16cm pixel resolution.
The high-resolution nature of the survey is designed to uncover undiscovered or hidden pegmatites beneath vegetation. Pegmatite outcrops are more resistant to weathering than other lithologies present in the project area and tend to present as topographic highs which can be detected by the high-resolution LiDAR survey. Importantly, this technique has been successfully used in the James Bay region by other explorers and producers in the discovery of lithium-bearing pegmatites.
Background on James Bay Minerals
James Bay has acquired a 100% interest in one of the largest lithium exploration portfolios in the James Bay region, covering an area of 34,572Ha or 346km2. The Joule, Aero and Aqua properties are located in the La Grande sub province along trend from the Corvette deposit, where Patriot Battery Metals (ASX: PMT) recently reported a maiden Inferred Mineral Resource Estimate of 109.2Mt at 1.42% Li2O and 160ppm Ta2O5 (0.40% Li2O cut-off grade).3
The Troilus Project is located further to the south sitting only 5km to the north of Sayona’s Moblan Lithium Project and proximity to Winsome Resources’ Sirmac-Clappier Project.
Click here for the full ASX Release
This article includes content from James Bay 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.
Many Peaks Gold: Exploring Mining-friendly Jurisdictions to Meet Growing Demand for Critical Minerals
Many Peaks (ASX:MPG) capitalizes on Australia’s and Canada’s ongoing push to strengthen domestic critical mineral production by advancing its gold-copper assets in Queensland, Australia, and other key energy transition projects in Newfoundland and Labrador, Canada.
Many Peaks’ Canadian assets target REE and lithium deposits where Newfoundland represents an emerging district of lithium strategically positioned with access to both European and North American markets. The company’s REE project has not been previously drilled but has a defined, drill-ready target with the potential for a significant REE deposit.
The company’s assets in Queensland, meanwhile, cover a combined 464 square kilometers, with an 80 percent interest and an option over the remaining 20 percent. The company’s Australian portfolio has an excellent existing infrastructure and is host to intrusion-related gold systems and copper-gold porphyry style mineralization. The presence of copper allows these assets to meet the growing demand for the critical mineral, while gold creates additional value.
A management team with a range of experience throughout the natural resources industry leads the company toward achieving its goals of strengthening shareholder value through exploration.
Company Highlights
- Many Peaks is a mineral exploration company with assets in Australia and Canada.
- The company’s assets include several drill-ready targets focusing on minerals necessary for the transition to clean energy.
- Many Peaks aims to capitalize on both countries' push to strengthen domestic sources of critical minerals, while gold further improves the value of its assets.
- Both countries have mining-friendly regulations and the potential for future incentives to help bolster the domestic supply of lithium, copper and REEs.
- Many Peaks owns two critical minerals assets in Newfoundland and Labrador, Canada, and an extensive portfolio of copper-gold assets in Australia.
- The company’s Queensland assets cover a combined 464 square kilometers with several drill-ready copper-gold targets.
- An expert management team with extensive experience throughout the natural resources industry leads the team toward fully exploring its assets.
This Many Peaks profile is part of a paid investor education campaign.*
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