GXY 0.00% $5.28 galaxy resources limited

RC DRILLING AT MT CATTLIN CONFIRMS POTENTIAL FORLITHIUM BEARING...

  1. 60 Posts.
    RC DRILLING AT MT CATTLIN CONFIRMS POTENTIAL FOR
    LITHIUM BEARING PEGMATITE REPETITIONS AT DEPTH
    _____________________________________________________________________________
    HIGHLIGHTS
    • Infill and extension resource definition RC drilling recommenced at Mt Cattlin as part of
    the BFS including first ever holes testing depth potential below the main pegmatite.
    • Two vertical RC drill holes completed to 200 metres testing potential at depth for
    repetitions below the existing near surface pegmatite resource both intersected
    additional lithium bearing pegmatites with widths up to seven metres.
    • Numerous spodumene (lithium) bearing pegmatites intersected below the existing near
    surface pegmatite.
    • The results confirm that the Mt Cattlin pegmatite swarm is a series of flat lying stacked
    pegmatites, with potential for repetition at depth, which significantly enhances the
    exploration potential of the system.
    • Initial drilling of the north-western extension has confirmed the pegmatite is open to the
    west of a fault that was previously considered to terminate the pegmatite.
    • Further drilling as part of the current program is planned to:
    - test both beneath the pegmatite in at least two other sections,
    - infill the western extension to 40 x 40 metres spacing, and
    - define the extent of the north western extension.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.