Skip to content
Finance Investment, Oil Mining Resources

Intra Energy Corporation (ASX: IEC) – Exploration Identifies Pegmatites at Yalgarra Project

Intra Energy Corporation Limited (ASX: IEC) 2 mins read

Intra Energy Corporation Limited (ASX: IEC) (“IEC” or the “Company”) is pleased to advise that field mapping targeting Lithium at the Yalgarra Project (“Yalgarra”, “Project”) 70km east of Kalbarri in Western Australia has identified multiple pegmatite dykes intruding Archean mafic rocks.

Key Highlights:

Pegmatite Discovery: A significant outcropping of a 5-metre wide Pegmatite_1 dyke within mafic rocks was identified. This dyke trends north-south and has an eastward dip, indicating potential mineralization zones.

Data Collection and Verification: The exploration data underwent a rigorous collection process. Primary soil sampling data, initially recorded on paper, was later digitized for accuracy. The company ensures that all data, whether primary or analytical, is stored securely. The data received from the Intertek Laboratory was in digital format and underwent a thorough screening process to identify any major variances.

Sampling Methodology: Intra Energy Corporation prides itself on the accuracy and reliability of its sampling methods. The company has implemented measures to ensure that the sampling is representative of the in-situ material collected. The repeatability of duplicate samples further supports the robustness of the sampling methodology employed.

Future Exploration Plans: The company has an ambitious roadmap for the coming months. This includes additional sampling, surface mapping, and potential electromagnetic geophysical surveys. Drilling activities will be planned based on the results of these preliminary explorations.

Collaborations and Agreements: Ministerial Consent was granted for the transfer of a 70% interest in E70/5464. The company has also entered into a Standard Heritage Agreement with the Wadjari Yamatji Group, further strengthening its position in the exploration domain.

IEC Principal Geologist, Todd Hibberd, commented: “The identification of so many pegmatite dykes in a small area within the mafic units is promising. Much of the tenement remains to be mapped and further work is expected to identify many more dykes. Given the scale of the tenement, the company is conducting satellite aster, thermal and side aperture radar to identify more targets rapidly and efficiently while awaiting assay results.”

IEC Managing Director, Benjamin Dunn, commented: “The Company is very encouraged by the identification of multiple pegmatite dykes in a small area of the tenement north of the existing lithium anomalism. There is substantial scope for more pegmatite swarms to be identified with the objective of defining compelling drilling targets. Exploration is accelerating and the project is advancing quickly with results from the sampling and satellite work expected early in the December quarter”.


About us:

Intra Energy Corporation (ASX:IEC) is an environmentally responsible, diversified mining and energy group with a core focus on battery, base and precious metals exploration to support the global decarbonisation and electrification for the clean energy future. 


Contact details:

Chloe Hayes

chloe@janemorganmanagement.com.au

Media

More from this category

  • Finance Investment
  • 06/12/2024
  • 08:41
Hut 8 Corp.

Hut 8 Operations Update for November 2024

21.0 EH/s and 967 MW1,2 under management in mining with path to ~35 EH/sMIAMI, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today released its operations update for November 2024.“We achieved net increases in deployed self-mining hashrate and efficiency in November by bringing inefficient miners offline in preparation for our initial fleet upgrade and completing the development of our R&D facility at Salt Creek,” said Asher Genoot, CEO of Hut 8. “These measures partially…

  • Finance Investment
  • 05/12/2024
  • 19:10
EBC Financial Group

From Fossil Fuels to Green Futures: Oxford and EBC Financial Group on What’s Holding Us Back

EBC Financial Group and Oxford University’s Department of Economics dissect the barriers to climate progress, exploring carbon taxes, subsidy reforms, and the role of finance in driving sustainable economic growth globallyOXFORD, United Kingdom, Dec. 05, 2024 (GLOBE NEWSWIRE) -- In a world increasingly shaped by the dual crises of climate change and economic instability, the Oxford Department of Economics, in collaboration with EBC Financial Group (EBC), hosted a pivotal session in the “What Economists Really Do?” (WERD) series. The event brought together leading minds from academia and finance to explore actionable strategies for aligning economic systems with environmental sustainability while…

  • Finance Investment, Political
  • 05/12/2024
  • 17:04
Super Members Council

Super Members Council welcomes Parliament’s call to stop abusers inheriting their victim’s super

A unanimous multi-partisan call from a Parliamentary inquiry to end abusers being able to inherit their victim’s super brings vital momentum for urgent legal reform. In a detailed report, a Parliamentary Joint Inquiry into Financial Abuse has recommended law changes that would stop abusers from receiving their victim’s super. The Super Members Council advocated strongly for this recommendation in its submission and in joint testimony alongside Women in Super and the Association of Superannuation Funds of Australia. The reform call has strong cross-sector support, with the sector appalled that perpetrators of family violence may profit from their abuse. Under existing…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.