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Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to advise that assay results returned from the first sample batch of 833 samples have returned extremely high grades across a large area at the Bonzer Pegmatite Field, Morrissey Hill, W.A.
Highlights:
- Outstanding results returned from detailed soil sampling program at the Bonzer Pegmatite Field, within the Company’s 100%-owned Morrissey Hill Lithium Project, Yinnetharra WA
- Morrissey Hill is located adjacent to Delta Lithium’s (ASX: DLI) Malinda Lithium Project, Yinnetharra WA
- Individual assays have returned results up to 759ppm Li2O
- From an initial sample batch of 833 samples, more than 60% have reported assays in excess of 100ppm Li2O
- Strong, coherent lithium anomalism defined by values greater than 500ppm Li2O extends for over 1.5km along strike and 0.7km in width and remains open
- Soil sampling and mapping at Morrissey Hill is ongoing to assess the broader project area
- Drilling at Bonzer remains on schedule to commence next week
Figure 1: Lithium oxide in soils at Bonzer Pegmatite Field
Reach CEO Jeremy Bower said: “The first round of assay results received from our soil sampling program has defined multiple high-priority targets at the Bonzer Pegmatite Field at Morrissey Hill. As shown in the heat map at Figure 1, the entire grid sampled across the Bonzer pegmatite field has literally lit up with lithium. The presence of lithium in soils at these extremely high levels is another piece of critical data we are using to refine our high-priority drill targets.
Drillers remain on track to mobilise to site next week and we look forward to providing more soil assay results in the areas surrounding the Bonzer Pegmatite Field as they are received. The Future is within Reach.”
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.
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