Litchfield Minerals Limited (ASX: LMS), an ASX listed critical mineral explorer, is thrilled to announce the discovery of significant new copper-tungsten targets at its Wolfram Hill Prospect, located within the Mount Doreen Exploration License (EL 31305). This breakthrough comes as a result of the comprehensive Induced Polarisation (IP) surveys conducted in March 2024, marking a significant milestone in the exploration of this promising site.
The recent IP survey has successfully unveiled two large and highly promising chargeability targets, strategically located to the north and south of the existing mineralised zones. These findings not only highlight the potential for substantial extensions of the known mineralised reef at depth but also along the strike to both the north and south, as illustrated in Figure 1 of the survey results.
Key Highlights from the March 2024 IP Survey:
- Discovery of two extensive chargeability targets, offering new exploration avenues.
- Indications of potential extensions to the known mineralised reef, both at depth and along the strike.
- Identification of several new promising drill targets at Wolfram Hill, hinting at extensive mineralisation in terms of both length and depth.
- Completion of two additional pole-dipole lines, located in the northern and southern zones, is pending.
- Recent rock chip sampling has revealed high grades of bismuth, underscoring the site's potential for yielding critical minerals.
Litchfield Minerals is at the forefront of exploring and developing high-value mineral resources. The identification of these new targets at Wolfram Hill underscores the company's commitment to leveraging advanced exploration techniques to uncover the rich mineral potential of its properties.
Matthew Pustahya, Managing Director, commented on the success of our IP campaign and the potential of bismuth:
“Since our debut on the ASX, only two weeks ago, we've launched a comprehensive work program and promptly mobilised Planetary Geophysics to Mount Doreen for an IP survey across the Wolfram Hill Prospect. The initial data we've gathered is looking exceptional. Planetary Geophysics will continue the survey as soon as weather conditions permit, ensuring safety and precision.”
“The March IP survey at Wolfram Hill has been remarkably successful, filling us with confidence about the significant drill targets we're poised to explore in the upcoming period. This momentum propels us forward, as we anticipate revealing the full potential of these promising findings.”
“Bismuth is such a rare element, with an average concentration of about 0.2 parts per million (ppm) in the earth’s crust. This scarcity places it on a par with precious metals like gold and silver in terms of abundance. We are excited because not only is bismuth rare and part of Australia’s, Europe’s and the United States critical mineral lists, it’s a great indicator for gold, especially in the Tanami region of Central Australia.”
“We are still eagerly waiting and ready for tracks to dry in the back country after an unprecedented rain event that took place in March. We aim to start our initial drill program at Silver King once the station gives us the go ahead.”
About us:
Litchfield Minerals is a critical mineral explorer, primarily searching for base metals and uranium out of the Northern Territory of Australia. Our mission is to be a pioneering copper exploration company committed to delivering cost-effective, innovative and sustainable exploration solutions.
Contact details:
Jane Morgan