GOLDEN MILE RESOURCES LTD (ASX:G88) - Ann: Works to Commence on Marble Bar Li - Au Project, page-18 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by bluebird: ↑

What is happening withthe LITHIUM PROSPECTS?
By now, we know Quicksilver is progressing handsomely and this year should bringplenty of scope for good money-making news. @ Nowhere Man is keeping us abreast re this. Yuinmery has excellent potential to turn into a significant gold deposit and we are all aware of the price of gold and where it is headed. What of G88’s other prospects?
Narndee is a huge igneous layered mafic complex with serious nickel, copper and REE targets. Aldoro’s nickel hits were increasing towards the eastern boundary withG88. At Wyemandoo, the lithium sweeteners in the pegmatites appear to be increasing south and west, again towards G88 territory.

G88management has been very quiet about LITHIUM. Can the new boy on the block,Martin Dormer, awake interest in their highly promising lithium tenements?

Whathas G88’s corporate advisor, Richlink up its sleeve?
Let’sstart with MARBLE BAR.
Its likelyG88 will wait till the current explosive heatwave subsides before heading backthere. As has been said, lots to recommend. Within a hundred km. radius of Wodgina and Pilgangoora Lithium Mines – a world class LITHIUM province. Illustrated in Kali’s recent presentation:

G88 tenements:

TENEMENTE 45/6210 – LIVE.
Abutsthe southern border with Kali’s Pear Creek project where SQM, the world’ssecond largest LITHIUM producer can earn 70%. An interesting looking prospect.
TENEMENTE 45/6211 - LIVE.
Westof Marble Bar and appears to be close to the LCT Pegmatite Goldilocks Zonemarked on Kali’s recent presentation. (LCT = LITHIUM, CAESIUM, TANTALUM)
TENEMENTE 45/ 6709 – PENDING- (Previously E 45/6129, then E 45/6212)
ForMention before the Warden’s Court at 10.00am 19^th Jan 2024.
Thisis a hot prospect with what appears to have potential for LITHIUM bearing pegmatites.Hopefully, resolution of the objections from the pastoralist at DesertRangelands can be achieved soon.NARNDEE-mentioned above.MURCHISON-TENEMENT E 20/1005- LIVE.
Known pegmatites with historical tungsten occur here.Tungsten can often be found at the periphery and overlaying other mineral processes. Some large deposits are associated with spodumene. This is a highly mineralized area with the Aga Khan emerald mine up the road. Further investigation could well be productive.

QUICKSILVER-
A fascinating depositthat keeps on turning up different minerals. The latest is GOLD credits. Whoknows what next!
East of Quicksilver-
NEW TENEMENT- E70/6537 – LIVE.

Unknown quantity, but certainly looks interesting. Who knows what is instore? Nickelsearch found an old quarry with lithium near its nickel project.

So, what is ahead for these prospects in 2024?
THINKING BIG here.
All guns blazing. Come on, Martin!

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Yes, and interestingly Kin Mining, with its $80M war chest of cash and tradables to apply to its projects, has recently announced an exciting VMS Horizon, 'Albus', on ground adjacent to G88's already JV'd tenure with KIN:

To quote the KIN Annoucement (08 January, 2024):

VMS deposits are one of the best understood of the mineral systems, and the only one for which it has been possible to directly observe mineralisation as it forms by observing modern deep seafloor where VMS mineral systems are active today as black smokers.

More than a thousand significant ancient VMS deposits have been recognised on land worldwide and they very commonly cluster into camps. Kin’s ground position at Cardinia covers ~40 strike kilometres of the host Minerie Domain, the potential VMS district.

Well known VMS districts like Mount Read in Tasmania, Kidd Creek, Noranda and Bathurst-New Brunswick in Canada and the Iberian Pyrite Belt in Spain contain both large and numerous smaller, deposits. In Western Australia, DeGrussa-Monty, Golden Grove-Scuddles and the Teutonic Bore District are examples of VMS Districts that have proven to be long operating, profitable mines. VMS mineralisation forms along “favourable horizons” and several discrete deposits may be found along this same horizon, with commonly multiple horizons.

So yet another string to G88's ridiculously undervalued bow.