"Exploration for blind but near surface flat lying lithium bearing pegmatites on the Mt Cattlin
North JV tenements is commencing with a ground penetrating radar survey followed by
drilling."
"Galaxy have informed Traka that exploration on the surrounding tenements, including the
Mt Cattlin North tenements, will commence with a ground penetrating radar (“GPR”) survey to
guide target generation for drilling. The GPR is targeting shallow blind pegmatite bodies that
sub-crop away from known pegmatite outcrops. The GPR survey is expected to be completed in
Q4 2017 with follow up drilling in Q1 2018 subject to Mines Department approvals.
The pegmatite dykes at Mt Cattlin and in the adjoining Traka joint venture tenements are
peripheral intrusions related to a large granitic body east of Mt Cattlin joint venture tenements
(Figure 5). This late stage intrusive body is postulated to have been the heat, pressure and fluid
source for the lithium and tantalum bearing pegmatite mineralisation."
GXY Price at posting:
$3.48 Sentiment: Buy Disclosure: Held
