Bulletin Resources (ASX:BNR) reports it has identified over 50 new pegmatite targets using a LIDAR and aerial imagery survey at the Ravensthorpe Lithium Project, located in Western Australia.
The survey created a 3D image of the earth’s surface to assist the company in targeting new pegmatite outcrops and extensions to the western and eastern pegmatite trends.
Bulletin reports over 100 pegmatites have already been mapped along the eastern pegmatite trend, and scope for more pegmatites exist to the north.
The survey has identified numerous new pegmatite targets unknown to Bulletin until now and lie along strike of the known spodumene bearing Big and Deep Purple pegmatites where rock chip grades up to 7.04% Li2O were collected.
It also indicates additional pegmatites which the company reports are likely to be found with ongoing mapping.
Bulletin reports new pegmatite targets across the western pegmatite trend have also been identified at the Horseshoe pegmatite area where rock chip sampling grading up to 4.50% Li2O has been collected.
The company also reports the potential for a third pegmatite trend west of the western pegmatite trend has been reinforced.
Previous explorers observed spodumene in creek float west of the Horseshoe pegmatite, but the source of that float has not been discovered yet.
Bulletin reports this survey has now identified several new target areas along a 3.5km strike length for follow-up mapping and sampling.
Drilling of the eastern pegmatite trend remains a priority for Bulletin, and works to secure regulatory approvals are progressing.
In conjunction with this approval process, on ground mapping and sampling of the new LIDAR target areas will be undertaken to identify and categorise new pegmatites.
Bulletin Resources is a Western Australia focused company focused on acquiring projects that have geological and economic prospectivity.
Its assets include the Ravensthorpe Lithium Project, which hosts outcropping spodumene bearing pegmatites, and the 600km-square Lake Rebecca Gold Project located immediately along strike of the over 1Moz Rebecca gold deposit.
Images: Bulletin Resources Ltd