Segue Resources (ASX:SEG) is one step closer to a maiden JORC resource after receiving drill results from its 100% owned Malinda Lithium Project located in Western Australia.
The 17-hole reverse circulation program totalled 2,430 metres and tested the thickness, depth and orientation of four lithium‐caesium‐tantalum (LCT) prospects.
Results feature grades of up to 2.01% lithium oxide and broad intersections such as 23 metres at 0.98% lithium oxide from surface.
READ: Results from the first six holes
The next round of drilling is to commence in November which will step out from current intersections to begin work towards a maiden resource estimate.
Drill result details
Assay results have been received for the remaining 11 holes in the 17-hole drill program.
The new assay results are from the Blade and T‐Bone prospects and include:
- 2 metres at 1.71% lithium oxide from 118 metres including 1 metres at 2.01% lithium oxide;
- 4 metres at 1.42% lithium oxide from 0 metres including 1 metre at 2.00% lithium oxide;
- 2 metres at 1.49% lithium oxide from 106 metres and 7 metres at 122 ppm tantalum pentoxide from 101 metres;
- 23 metres at 0.98% lithium oxide from 0 metres including 5 metres at 1.35% lithium oxide; and
- 3 metres at 318 ppm tantalum pentoxide including 1 metre at 834 ppm tantalum pentoxide.
Drilling success leads to follow-up program
The maiden reconnaissance drill program at the Malinda Lithium Project has successfully intersected mineralised LCT pegmatites across three pegmatite swarms.
The next reverse circulation drilling program will commence in November 2017 and will consist of step out drilling from the three pegmatites.
Drilling will aim to further test the orientation of pegmatite bodies as well as the direction of fractionation within each pegmatite and within the wider project.
Segue aims to progress towards a maiden resource at Malinda in 1H 2018.