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Lithex Resources Unearths Molybdenum, Tin And Tantalum From Pilbara Drilling

Lithex Resources (ASX: LTX) has intersected up to 2,201 parts per million tin and 90 parts per million tantalum from the first six holes drilled of a 25-hole reverse circulation program at the Pegmatite Gully and Eluvial Gully prospects.

A total of 2,582 metres of drilling was completed at the two prospects, which are part of the company's Moolyella Project in the mineral-rich Pilbara region of Western Australia.

Indicating the prospectivity of the region, the Pilbara has been a historical tin and tantalum producing region since the late 1800s.

Geological logging of samples in the field, from the holes still to be assayed, has identified molybdenum mineralisation in a number of samples.

Additionally, tin and tantalum mineralisation, in quartz and pegmatite veins within a granodiorite host, has been identified in a number of samples.

Pegmatite Gully

Pegmatite Gully is located near historical diamond drill sites, and previous rock chip sampling has confirmed anomalous grades of tin and tantalum in pegmatites. Anomalous values of lithium were also identified.

Importantly, there is the potential to identify a number of mineralised pegmatites near to anomalous tin and tantalum rock chips and historical drill results in the Pegmatite Gully area.

Eluvial Gully

Historical data and recently identified anomalous tin and tantalum in soil samples has indicated that Eluvial Gully has the potential to host a large mineralised deposit.

Anomalous results are open-ended to the east within a 12 square kilometre body which shows a consistent geophysical signature.

Moolyella maiden resource

Last month Lithex defined a Maiden Inferred JORC Resource of 1.9 million tonnes for the Moolyella project.

Preliminary metallurgical test work indicates recoveries of up to 84.7% for tin and 66.3% for tantalum. Lithex plans to conduct resource definition drilling to verify the historically identified resources.

The company will also conduct exploration drilling on newly identified targets at Moolyella.