For thousands of other reports visit RSC's Mineral Intellingence Map
Poseidon Nickel Ltd.
Summary
| Project: | Lake Johnston | |
|---|---|---|
| Deposit: | Medusa | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum-Tin | |
| Date: | 4/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-4-2018: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Medusa deposit at the Lake Johnston project. Drilling results incl. 1m @ 1590ppm Li, 243ppm Cs, 7.1ppm Ta, 3ppm Sn, 0.14% Rb. Poseidon Nickel Limited (ASX:POS or the C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: N Hutchison (Internal) | |
| ABSTRACT: | Poseidon Nickel Limited (ASX:POS or the Company) has now received the laboratory results from samples recovered from the reconnaissance stage of the Medusa Lithium Project drilling campaign at Lake Johnston. 20 slim-line RC holes (Figure 1) were completed for a total of 1,245m (Table 1) utilising a specialised rubber-tracked Morrooka mounted slim-line RC drill rig to minimise the drill rigs environmental footprint and to navigate the hilly-rocky terrain at Medusa. All assay results were below 2000ppm Li (>0.5% Li2O) with limited support from typical LCT pegmatite associated elements (Table 2). These grades are not economic and given the lack of suitable mineralisation in the unweathered/un-eroded, open-pitable portions of the system it is not proposed to carry out further drilling for lithium at the Medusa Project at this stage. Numerous felsic pegmatites were intersected ranging from 65m in thickness in the east to 2-6m in thickness in the central portion of the project area. Pegmatites were scarce in the west of the project area. The pegmatites are generally flatly orientated, dipping ~25 degrees to the east and variably striking NE to NW. The pegmatites intersected in the drilling can be classified as Albite-Muscovite Sub-Type LCT Pegmatites. Local variations occur with observations of zoned lithium minerals lepidolite and petalite in outcrops, however, no visible spodumene or lepidolite was observed in the drill chips and the lack of assay results supports the drill chip observations | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report