Balkan Mining and Minerals

Tango Lithium Project Update

Balkan Mining and Minerals Ltd (“BMM” or “the Company”) (ASX: BMM) is pleased to announce the discovery of a new pegmatite dyke field as part of the recently concluded field exploration program over the eastern portion of Tango Lithium Project located in the Georgia Lake Area, Thunder Bay North Mining District of Ontario, Canada.

HIGHLIGHTS

  • Initial mapping identifies a new pegmatite field at Tango Lithium Project.
  • In total 15 surface grab samples were collected and sent for analysis from various locations to confirm the presence of lithium-bearing minerals using multi-element analysis.
  • Commencement of airborne magnetic survey over the entire property.

The purpose of the program was to map the geology, identify new pegmatite dykes and complete geological sampling of exposed pegmatites for geochemical analyses. One hundred outcrops, ranging from 1-10m2 in size were discovered during fieldwork which resulted in the discovery of three new pegmatite dykes.

In total 15 surface grab samples were collected from various locations and submitted to ALS Minerals for geochemical analyses, results which are expected to be received in the coming weeks.

Pegmatites

Two types of pegmatites were mapped during the program and were classified using K-feldspar content and colour.

The first type of pegmatite observed within the Property is enriched in potassium feldspars, resulting in a general pinkish appearance. These pegmatites are typically composed predominantly of orthoclase, quartz, tourmaline, and minor amounts of muscovite.

The second type of pegmatite was much whiter in colour. The white colour and habit of the feldspars suggested they were albite, possibly of the cleavelandite variety.

There was significant variation in the pegmatite dyke composition between outcrops, which possibly is due to zonation within the systems.

Airborne Magnetic Survey

In conjunction with the received mapping results, the company has begun a close-spaced airborne magnetic survey over the entire project area with the aim to assist in identifying lithological contacts and structures. Although a geophysical survey will not identify pegmatite dykes, it will identify preferential structures and trends that would be targeted for ground trenching during the next field program.


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This article includes content from Balkan Mining and 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.

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