"Update on Lithium assets in Australia: Over the past few months, our Consultant Geologist to our JV partner in Australia has progressed desktop reviews on 3 lithium projects - Picasso [WA], Lithfield [NT & Alcoota [NT].
Picasso : at least 7 0 potentially mineralised surface pegmatites have been identified within the tenure, which is near Alliance Minerals [A40] high-profiling operating lithium mine as well as Cowan Mine & Liontown Resources.
Litchfield: On Mar 2019, neighbour Core Lithium announced encouraging high-grade drill results -76m @1.78% li2o from 149m including 21m @ 2.06% li2o from 202m - at its B33 deposit [part of the Finniss project] which is 900m from Litchfield b o u n d a r y.
CXO*s results confirm there are numerous high-grade spodumene OREBODIES present in the region, which significantly enhances potential exploration upside for the Litchfield project, especially the prospect of CONTIGUOUS MINERALISATION."
"Cadence*s Geology Consultant has moved swiftly over the past month to broaden the understanding of our newly acquired lithium assets in Australia,
--------<><><> u n c o v e r i n g 7 0 potentially m i n e r a l i s e d occurrences at the P I C A S S O project and verifying there is pegmatite continum at Alcoota. ---------------- <><><><>
Furthermore, Core Lithium*s recent assay results from its BP33 deposit, which is arguably among the h i g h e s t in Australia in the past 12 mths, clearly benefits Cadence Litchfield project which is only 900m away.
<><><>Systematically reviewing information on the Northern Territory govt. S T R I K E platform highlights incremental encouraging results with ----------------3 5 mineral occurrences identified within 1 - 2 km of the L I TC H F I E L D project BOUNDARY.--------
Importantly, the underlying geology & geophysical characteristic of the L I T C H F I E L D project are ---------VERY SIMILAR TO CXO GROUND, WHICH HAS BEEN VERIFIED BY MAGNETIC & RADIOMETRIC SURVEYS." <><><>
[My Comment: It goes on to detail the WA Geological Survey*s mapping etc - kindly read. If the link is faulty, kindly call up the title of the Cadence Mineral RNS of the above date]
Useful and insightful info.
CCZ Price at posting:
3.7¢ Sentiment: None Disclosure: Held
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