LOT 4.92% 29.0¢ lotus resources limited

Ann: Extensive New Trend Identified - Soil Sampling Results, page-2

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    Extensive new Cobalt, Nickel, Platinum and Scandium Trend identified by soil sampling at the Hylea Project
    KEY POINTS
    • Regional soil sampling has outlined three significant scale, high tenor Cobalt, plus Nickel, Platinum, Palladium, Scandium and Vanadium soil geochemical anomalies, open in multiple directions
    • The three Cobalt anomalies define a >5km long, predominately NW trending, multi- element (Co-Ni-Pt-Pd-Sc-V) soil geochemical corridor, which remains open towardsthe advanced Tiger’s Creek Prospect, approximately 1.8km to the South-East
    • Recently completed high resolution aeromagnetic & radiometric survey supports the >5km long geochemical trend, with bounding NW-SW structures and similarmagnetic and radiometric signatures to the Tiger’s Creek Cobalt Prospect
    • Further extension and regional soil sampling programs are underway
    • The trend reaffirms the Company’s belief that the Hylea Intrusive Complex is host to additional Cobalt, Nickel, Platinum, Scandium and possibly Vanadium opportunities in parallel to those currently being drilled at Tiger’s Creek
    • Drilling at Tiger’s Creek was completed today with a total of 54 holes for 3,621m achieved, first assay results are imminent
    Last edited by kellbys: 18/06/18
 
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