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Segue Resources Ltd.
Summary
| Project: | Malinda | |
|---|---|---|
| Deposit: | Malinda | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 10/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2017: Segue Resources Ltd. announces an Exploration/Drilling Update report for its Malinda deposit at the Malinda project. Drilling results incl. 23m @ 0.98% Li2O from 0m. Segue Resources Limited (Segue or the Company) is pleased to announce the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dean Tuck (Not stated) | |
| ABSTRACT: | Segue Resources Limited (Segue or the Company) is pleased to announce the assay results from all 17 reverse circulation (RC) holes at the 100% owned Malinda Lithium Project (previously Gascoyne Lithium Project) in Western Australia (Figure 1). The 2,430m RC drill programme was designed to test the thickness, depth and orientation of four lithium‐ caesium‐tantalum (LCT) prospects which had been defined by previous soil sampling and rock chip programmes (Figure 2). Segue has previously announced assay results from the first six (6) holes (see announcement on 20 September 2017) and has now received assay results from the remaining 11 holes (GASRC0007‐17). The new assay results, from the Blade and T‐Bone Prospects, contain significantly higher lithium grades, including 2m @ 1.71% Li2O (GASRC0016) and 4m @ 1.42% Li2O (GASRC0011). In addition, GASRC0012 intersected 3m @ 318ppm Ta2O5, including 1m @ 834ppm Ta2O5. Segue has submitted 10 samples >1.48% Li2O for mineralogical determination by X-ray Diffraction (XRD). Preliminary XRD analysis has confirmed the presence of spodumene and holmquistite as well as lithium micas (lepidolite, muscovite). The highest grade 1m samples of 2.01% Li2O and 1.98% Li2O both contain spodumene. Holmquistite is a lithium amphibole which is intimately associated with alteration around spodumene bearing pegmatites and has been used globally as a vector towards high‐grade spodumene mineralisation. | |
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