New Lithium Samples Reinforce Turner River Prospectivity
Perth, Nov 6, 2023 AEST (ABN Newswire) - QX Resources Limited (
ASX:QXR) confirms further rockchip sample results with up to 3.8% LiO2 and 1.3%Rb2O at Turner River in the heart of the Pilbara lithium province of Western Australia.
- Pegmatites in a new area of interest at Turner River have been sampled with assays up to 3.8% LiO2 , 3.4% LiO2 and 1.3%Rb2O in the heart of the Pilbara region of Western Australia which continues to reveal new discoveries.
- Extensive trenching and detailed sampling and mapping planned.
- Detailed airborne geophysics over the Turner River Project has been completed and is being assessed by QXR's specialist consulting team. It will be merged with district scale geophysics and detailed spectral image analysisto better define mineralised extensions and drilling targets.
These new samples are taken from a new areas of interest within Turner River are located some ~250m from where the first samples were reported last year which include ~10kg 'wheelbarrow-sized' samples grading 4.9% LiO2 (see Figure 2 below*).
With an expanded zone of interest, QXR will reinforce its focus on Turner River with detailed trenching and sampling, once the recently flown airborne geophysics data is assessed, to target new areas and mineralised extensions under shallow cover to better define drilling targets. The airborne geophysics report will be released shortly.
The key target is the contact zone between greenstones and granitoids known to be permissive for lithium mineralisation of the Split Rock Supersuite with which the Wodgina, Pilgangoora and Global Lithium deposits are associated. QXR owns 100% of four large project areas in the Pilbara - Split Rock (E46/1367), Western Shaw (E45/6107, E45/4960), Turner River and Yule River leases (E45/6159) (see Figure 4*).
QX Resources Managing Director, Steve Promnitz, said: "High grade lithium results continue to drive the need for a much more structured and comprehensive exploration program at Turner River. The fact that we continue to identify high grade samples over a broader area is very positive and warrants immediate follow up. These are some of the highest grade samples of lithium recorded in the Pilbara and it has reinforced our confidence in this project. With the airborne geophysics, a number of targets will be defined for further sampling and trenching under shallow cover, leading to drill targets. Recent results by other companies reaffirm the Pilbara as the prime location globally for major lithium hard rock discoveries and QXR hold favourable ground in the heart of the Pilbara."
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/M92V7I90
About QX Resources Ltd
QX Resources Limited (ASX:QXR) is focused on exploration and development of battery minerals, with hard rock lithium assets in a prime location of Western Australia (WA), and gold assets in Queensland. The aim is to connect end users (battery, cathode and car makers) with QXR, an experienced explorer/developer of battery minerals, with an expanding mineral exploration project portfolio and solid financial support.
Lithium hard rock portfolio: QXR's lithium strategy is centred around WA's prolific Pilbara province, where it has four projects in strategic proximity to some of Australia's largest lithium deposits and mines. Across the Pilbara, QXR's regional lithium tenement package (both granted or under application) spans more than 350 km2.
Lithium brine: QXR drilling and geophysics indicate the existence of a large brine basin at the Liberty Lithium Brine Project USA and geological similarities confirmed with the nearby Silver Peak lithium brine producer Albemarle, in Clayton Valley Nevada. QXR holds an Option to Purchase Agreement to earn-in to 75%.
Gold portfolio: QXR is developing Central Queensland gold projects through a 70% agreement with Zamia Resources Pty Ltd and also on a 100% basis. The gold and copper-gold-moly projects are strategically located within the Drummond Basin, a region that has a >8.5moz gold endowment.
Nickel sulphides: QXR has a significant 39% shareholding in unlisted public Australian company Bayrock Resources Limited, which has a portfolio of highly prospective battery minerals assets in Sweden, primarily in nickel, cobalt and copper. QXR is assisting Bayrock with project development and financing initiatives.
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