Horseshoe

Horseshoe Lithium Pegmatite Project (E15/1596 – 95% Boadicea)

During the December quarter the Company was granted an Exploration Licence over an exciting new lithium pegmatite project, the Horseshoe Project (E15/1596), located 75km south-southwest of Coolgardie in the Eastern Goldfields district of Western Australia.

The project is located in a region of significant pegmatite development and covers 204km2 of the Horseshoe greenstone belt (Figure 6). Outcrop is limited, but the belt is well defined by aeromagnetics (Figure 7) and historic exploration drilling.

The area has not previously been explored for lithium pegmatites, but pegmatites have been noted in historic gold and nickel exploration reports, particularly at the Tramline Prospect of Metals Exploration Ltd.

 

Figure 6 – Horseshoe Project – Location relative to known pegmatite occurrences in the southwestern part of the Eastern Goldfields.

The Company completed an initial geological field reconnaissance of the project area to assist with planning first pass exploration activities for 2018. While outcrop within the project area was found to be minimal, pegmatite subcrop and float was noted in a number of historic nickel and gold exploration tracks (Photograph 1a & 1b). Two of five rock chip samples collected returned weakly anomalous pathfinders for LCT pegmatites.

In addition to general reconnaissance, a trial soil geochemical sampling program was undertaken across a geophysically selected target (Clydesdale) with 105 samples collected on 100m spacings along tracks within the target area (Figure 7). The results for these samples returned some modest but encouraging anomalism including Li2O results to 109ppm with weak, coincident LCT pegmatite pathfinder results (Rb-Ta).

Based on the reconnaissance field work, the Company is currently planning grid based auger soil geochemistry programs across the Clydesdale, Arabian and Waler targets during 2018.

 Photo 1 – Horseshoe Project - Sampled pegmatite float at (a) 6486321N/309989E, and (b) 6501416N/316386E

 

Figure 7 – Horseshoe Project - Licence area over aeromagnetics showing extent of “semi-blind” greenstones (magnetic highs) and position of initial selected pegmatite targets. Rock chip sample and orientation soil sample positions are also shown.