Prospect Resources Ltd (
Option - High Grade Arcadia Lithium Deposit
- Initial Exploration Target of 15-18Mt at 3-5% Li2O
- Arcadia Lithium Deposit lies within one of the three well known Zimbabwe lithium camps, approx. 35kms east northeast of Harare.
- Intermittent production from 1954 to 1972, produced over 15,000 tonnes of mixed lithium ore.
- Two rounds of historical drilling in 1969 and 1981, confirmed that the pegmatite extends at least 1,500m along strike, with very high grades (ranging from 3.5% - 5.5% Li2O).
- All Arcadia Lithium deposits have been the subject of previous exploration and have exhibited lithium bearing pegmatites.
- Maiden drill programme underway - all holes have intercepted lithium bearing pegmatites
-- 16 diamond drill holes completed and awaiting assay
-- 15 RC holes completed and RC programme ongoing
-- Approx. 14 pegmatites layers. Lower pegmatite up to 45m in thickness
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About Prospect Resources Ltd
Prospect Resources Limited (ASX:PSC) is based in Australasia with operations in Zimbabwe and is a publicly listed company. We are committed to creating value for Prospect's shareholders and the communities in which our company operates. Our vision is to build a Southern African based mining company of international scale.
Contact
Prospect Resources LtdT: +61-8-9217-3300
E: info@prospectresources.com.au
WWW: www.prospectresources.com.au
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