Perth, Australia – 30 July 2024 | Litchfield Minerals Limited (ASX: LMS) ("Litchfield" or the "Company") is pleased to announce the confirmation of significant magnetic anomalies at the Patmungala and Dumunzi areas within the West Arunta region, following recent geophysical interpretations. This advancement marks a critical step in the Company's exploration strategy.
Highlights:
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Patmungala Magnetic Anomaly: A 3.5km wide, pipe-shaped magnetic anomaly has been confirmed at the Patmungula area, referred to as the Megalith anomaly. This feature could potentially represent an IOCG (Iron Oxide Copper Gold) or deeply buried igneous intrusive complex.
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Investment in Gravity Survey: Litchfield has initiated a gravity survey programme to further assess the Patmungula anomaly, which will assist in targeting future drill holes.
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Support from NTGS: The Northern Territory Geological Survey (NTGS) is supporting the deep drilling programme for this target with funding up to $140,000.
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Dumunzi Target: An additional gravity survey will be conducted over the Dumunzi magnetic target, located north of Silver King, at the intersection of several prominent structures. Preliminary soil sampling will complement the data acquisition for these gravity surveys.
Project Details:
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Patmungula Megalith Target: Identified through inversion modelling of the Annie Springs Rio Tinto Aeromagnetic survey from 1997, this anomaly presents a deep, 3.5km wide, sub-vertical magnetic feature of unknown origin. Historical exploration in the area has identified copper and galena-bearing quartz veins, with rock chips showing copper levels up to 6.2%. The ongoing ground gravity survey by Planetary Geophysics aims to better delineate this structure for precise drillhole targeting.
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Dumunzi Target: This significant magnetic target is situated north of the Silver King prospect in a potential dilational zone at the intersection of several geological structures. The target area is covered by shallow alluvial sediments, and an upcoming gravity survey will be conducted alongside preliminary soil sampling to test for base metal and rare earth element fertility.
The results from these surveys are anticipated to provide valuable insights and guide the next phases of exploration, including drilling programmes expected to commence once all data is gathered.
Matthew Pustahya
Managing Director
Email: Matthew@litchfieldminerals.com.au
About us:
About Litchfield Minerals Limited:
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.
We aim to unlock the full potential of copper and other mineral resources while minimising environmental impact, ensuring the longevity and affordability of this essential metal for future generations.
We are dedicated to involving cutting-edge technology, responsible practices, and stakeholder collaboration drives us to continuously redefine the industry standards and deliver value to our investors, communities, and the world.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au