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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

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