- Western Yilgarn (WYX) identifies potential for lithium-bearing pegmatites at its Boodanoo project in Western Australia
- The company uncovered a three-by-two kilometre anomaly with coincident anomalous pathfinder elements during screening of drill samples from its initial auger program
- Now, WYX plans to complete a phase two auger program with targeted infill drilling to refine the targets and enable follow-up aircore or reverse circulation (RC) drilling
- WYX shares are up 1 per cent and trading at 9.8 cents at 12:24 pm AEST
Western Yilgarn (WYX) has identified potential for lithium-bearing pegmatites at its Boodanoo project in Western Australia.
The company completed multi-element screening of samples from its initial 234-hole auger geochemistry program and identified a series of follow-up lithium-caesium-tantalum (LCT) targets.
While the pXRF analysers used in the screening are unable to analyse lithium and gold with acceptable precision and accuracy, they can analyse pathfinder elements.
As such, the company noted a three-by-two kilometre anomaly with coincident anomalous pathfinder elements.
A potential gold target associated with the main north/south shear zone at the project is awaiting assay.
Western Yilgarn Chairman Peter Lewis said the first pass program confirmed the “exciting potential” of the project.
“In consort with our Bulga project to the east, and the Darling Range project which is strategically adjacent to the discoveries by Chalice Mining (CHN), we are developing a pipeline of promising early-stage exploration projects which we have commenced to systematically explore,” he said.
The company said it would kick off a phase two auger program with targeted infill drilling to refine these targets which would enable aircore or reverse circulation (RC) drilling.
WYX shares were up 1 per cent and trading at 9.8 cents at 12:24 pm AEST.