Perpetual Resources (ASXEC) has identified a high-grade lithium soil anomaly at its Igrejinha project in Brazil, with soil sampling work revealing an extended trend of LCT (lithium, cesium and tantalum) pegmatite.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The anomaly, which comes before maiden drilling next month, was picked up following Perpetual’s 220-sample soil and auger geochemical program and indicated that the strike length of the outcropping high-grade lithium-bearing pegmatite could expand to more than 1.4 kilometres.
This should open the door for further mineralisation to be found along strike, and builds on previously reported rock chip samples, which revealed more than 7% Li₂O (lithium oxide) and 5.3% Cs₂O (cesium monoxide) at the project.
Adding to this, a significant new lithium target has also been picked up through first-pass soil sampling done 2.3 kilometres southeast of the main pegmatite prospect, with results going beyond 400 ppm Li₂O.
Perpetual’s exploration manager, Allan Stephens, said this sampling work has underscored the value of Perpetual’s assets. “These latest results reinforce the scale and potential of the Igrejinha Project, with the LCT corridor now stretching over 1.4 km and remaining open along strike,” he said.
“A new lithium anomaly highlights regional upside, supported by high-grade lithium and caesium at an artisanal working. With maiden drilling in early June, Perpetual is entering an exciting phase to unlock value.”
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please clickhere.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
EC) has identified a high-grade lithium soil anomaly at its Igrejinha project in Brazil, with soil sampling work revealing an extended trend of LCT (lithium, cesium and tantalum) pegmatite.
