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Finance Investment, Oil Mining Resources

Intra Energy Corporation Limited (ASX: IEC) – Lake Johnston Lithium Exploration

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

Intra Energy Corporation Limited (ASX: IEC), an environmentally responsible, diversified mining and energy group, is excited to announce encouraging results from its initial sampling campaign at the recently acquired Maggie Hays Hill (MHH) Lithium project. The sampling has revealed highly anomalous levels of key lithium pathfinder minerals, including tantalum, niobium, caesium, and beryllium, indicating significant lithium mineralization potential.

IEC Managing Director, Ben Dunn, commented: 

“These early results from Todd Hibberd’s on ground reconnaissance during the Due Diligence period reinforce our strong belief that this asset could be a game changer for IEC’s shareholders. 

This was a brief field walk not a targeted exploration campaign, but these anomalous niobium and tantalum numbers provide a great orientation for our planned exploration campaign. 

Under Todd’s guidance, we will commence exploration next week and, subject to the necessary permits and permissions, we want to be drilling at Lake Johnston by the middle of the year”.

IEC Principal Geologist, Todd Hibberd, commented: 

“The initial sampling results have demonstrated that the pegmatites are in the key geochemical zone associated with lithium mineralisation. The exceptionally high tantalum and niobium results supported by high caesium are at levels see in spodumene orebodies and provide a compelling reason to advance the project to drilling as soon as possible. The Company is currently finalising the exploration program and will lodge the necessary permits to conduct drilling.

In the interim, a comprehensive mapping, rock sampling and soil geochemical sampling program will be conducted in association with high resolution geophysical and spectral surveys to define specific drill targets and thoroughly explore the project”.

Highly Anomalous Levels of Lithium Pathfinder Minerals

During the due diligence process in December, IEC conducted a rapid field sampling campaign to assess the prospectivity of the MHH project. The results have been highly promising, particularly in samples MTD004 and MTD001, which showed 390 ppm Tantalum and 482 ppm Niobium, and 82 ppm Tantalum and 176 ppm Niobium, respectively. These findings are crucial as they indicate the presence of minerals commonly associated with lithium deposits.

Extensive Pegmatite Trend with Further Exploration Potential

The project features a series of outcropping pegmatite dykes covering a 2-kilometre north north-west (NNW) trend, with an additional 5 kilometres of the trend yet to be mapped and sampled. This extensive footprint suggests a significant potential for further discoveries as exploration progresses.

Robust Exploration Program Set to Commence

IEC is set to commence an extensive exploration program immediately, with drilling and heritage approvals to follow upon the transfer of the tenement. The initial sampling focused on the contacts of the pegmatite dykes to minimize sampling bias, given the large crystal size and the scale of the outcrops, which were up to 50 metres wide.

Confirmation of Key Geochemical Zone for Lithium Mineralisation

The results from the initial sampling campaign confirm the presence of key elements associated with lithium mineralization at anomalous levels, particularly tantalum and niobium. This discovery positions the MHH Lithium project within the key geochemical zone associated with lithium mineralization, marking a significant step forward in the exploration of this promising area.


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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