- Forrestania Resources (FRS) completes maiden drilling at its Calypso prospect, located at the company’s namesake project in Western Australia
- FRS reported it struck multiple stacked pegmatites in 13 of 14 holes at Calypso, including up to 63 metres thick
- Drill samples have been dispatched to Perth for analysis, and the results are expected within six weeks
- Meanwhile, Forrestania continues drilling at its “promising” South Iron Cap prospect
- FRS shares last traded at 7.6 cents
Forrestania Resources (FRS) has wrapped up maiden drilling at its Calypso prospect, located at the company’s namesake project in Western Australia.
The company reported it struck multiple stacked pegmatites in 13 of 14 holes at Calypso, including up to 63 metres thick.
Forrestania completed the 14 reverse circulation drillholes over 1968 metres in a bid to define the extent of its target and identify whether previously discovered pegmatites hosted lithium mineralisation.
The company believes that Calypso is a prospective host for LCT pegmatites, based on anomalous soil geochemistry, outcropping pegmatites and pegmatite intercepts in historic drilling.
FRS Managing Director Michael Anderson said it was “fantastic” to confirm additional pegmatites of significant thickness within the Forrestania project area.
“Calypso is only 4.5 kilometres from a known mineralised pegmatite, so any occurrence of pegmatite within this area is significant to Forrestania,” he said.
“Geological and geochemical information gathered from this drilling program will assist with vectoring towards further prospective zones within and surrounding the extensive Calypso pegmatite bodies.”
The company announced that drill samples were dispatched to Perth for analysis, and results are expected within six weeks.
In the meantime, Forrestania continues drilling at its “promising” South Iron Cap East prospect.
FRS shares last traded at 7.6 cents.