Metalicity finds lithium at Stannum AAP MARCH 1, 2016 12:23PM...

Metalicity finds lithium at Stannum

• AAP
• MARCH 1, 2016 12:23PM
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Metalicity finds lithium at Stannum
Metalicity has identified significant outcropping pegmatites at the L1 and L2 lithium targets at its 100%-owned Stannum lithium project, within the Pilgangoora South project in Western Australia.
The company said it had established 5km of strike length at Stannum, which is within the same geological terrane as the world's second largest hard rock lithium deposit at Pilgangoora, being developed by Altura Mining and Pilbara Minerals.
The Stannum lithium project covers an area of 9.6 km2 in the Pilbara region and adjoins the Wodgina Tantalum operations owned by Global Advanced Metals.
Metalicity said it had gained access to new project areas at Pilgangoora South, aided by helicopter support from Port Hedland, and was rapidly confirming the highest priority areas for drilling.
HyMap hyperspectral data for the Stannum project area has been acquired, and is being assessed by a specialist geophysicist, for its usefulness in identifying the various classes of pegmatites expected to be present in the project area, the company said. Metalicity is also preparing for field work at its Greenbushes and Lake Cowan lithium projects.
Metalicity managing director Matt Gauci said: "We are very encouraged by the early exploration work at Stannum that has confirmed a significant strike length and geology, similar to Pilbara Mineral's Pilgangoora project 12 months ago. We are sufficiently funded for drilling highly encouraging lithium targets in world class lithium districts this year."