Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Yalgoo Fieldwork Commences Over Main Target Areas

by May 21, 2024
May 21, 2024
Yalgoo Fieldwork Commences Over Main Target Areas

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce the commencement of fieldwork at its Yalgoo lithium projects. Target delineation work includes tenement – wide soil and rock chip sampling over the main target areas previously identified by machine learning (ML) in the northern part of the Yalgoo project and the southeastern part of the Yalgoo West project. A total of 930+ soil samples will be collected on a 200x200m grid for Yalgoo and on a 100x200m grid for Yalgoo West (subject to pending land access approvals).

HIGHLIGHTS

Fieldwork commenced at the Yalgoo lithium projectsLarge scale soil and rock chip sampling program underwayFirst phase to test main ML targets with almost 1000 soil samples to be collectedProximate to known lithium occurrences

The two projects are located within the northern part of the Yalgoo-Singleton greenstone belt (YSGB) in the Murchison province. Both sequences are typical greenstones consisting of submarine tholeiitic and high-Mg basalt lava flows, large intrusive gabbro bodies overlain by BIF and volcanic rocks with minor ultramafic and felsic rocks. The greenstone belt is intruded and bounded by granitoids, predominantly granodiorite and monzogranite to tonalite with minor syenogranite. Pegmatites associated with the granites are recognised throughout the project area and especially along the granite greenstone contacts.

Tectonically the greenstone is bounded by major faults and shear zones, with the major Mulloo and Wagga Wagga Shear Zones on the eastern contact covered by the Yalgoo project and the major Salt River Shear Zone covered by the Yalgoo West project. Premier1 (utilising SensOre ML technology) identified a large, predicted lithium target within a region not previously highlighted for its lithium exploration potential. During target analysis lithium mineralised LCT pegmatites were identified by a number of adjoining companies, including Firetail Resources and Zenith Minerals, validating the emerging potential of the area for LCT pegmatites.

At Yalgoo, the predicted target forms a large cluster of Li prospectivity that was previously unidentified and untested representing lithium potential over the northern portion of the greenstone belt. Additionally, the eastern portion of the project is prospective for VMS copper and zinc. At Yalgoo West another cluster of Li prospectivity predicted unidentified and untested lithium potential over the western portion of the greenstone belt.

The greater Yalgoo project area encompasses two joint ventures. In the eastern portion of the project area (Yalgoo), Premier1 has the rights to earn up to 70% of all commodities except Rare Earth Elements in a farm-in announced on 12 May 2023 with Venture Minerals (ASX:VMS). In the western portion of the project area (Yalgoo West), the Company is in a farm in with Firetail Resources (ASX:FTL) where Premier1 may earn 80% of lithium rights by spending announced 7 November 2023..

The next steps on the broader Yalgoo project involve extensive target delineation activities to generate drilling targets for the second half of 2024.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Element 25 Announces Share Purchase Plan
next post
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Related Posts

ARway.ai The Spatial Computing Company Signs Multiple New...

February 14, 2024

Beyond Lithium Closes Flow-Through Offering for Gross Proceeds...

May 27, 2024

Top 5 Canadian Cleantech Stocks of 2023

July 25, 2023

5 Top Weekly TSXV Stocks: Gowest Gold Jumps...

July 1, 2024

NEO Battery Materials Korea Governmentally Certified as Innovative...

November 2, 2023

Forward Water Technologies Completes Non-Brokered Private Placement of...

May 25, 2024

Successful Completion of A$12 Million Share Placement

March 28, 2024

5 Top Weekly TSXV Stocks: Vanstar Rises on...

December 11, 2023

FPX Nickel Subsidiary CO2 Lock Corp. Named to...

November 21, 2023

Uranium Stocks Sink as DeepSeek Sparks AI Data...

January 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

    • Trump’s Nuclear Revival Plan Boosts Uranium Prices, Sends US Miners Soaring

    • Group Eleven Announces Appointment of Jasmine Lau as Chief Financial Officer

    • Charbone Hydrogene annonce les resultats financiers T1 2025

    Categories

    • Business (1,221)
    • Investing (2,498)
    • Politics (3,699)
    • Stocks (1,611)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved