Boadicea Resources jumps on completing auger sampling testing for potential lithium at Bald Hill East

Boadicea Resources Ltd (ASX:BOA) is trading higher after completing an auger program of 346 samples testing for potential pegmatite-hosted lithium mineralisation at the Bald Hill East Lithium Project in the Eastern Goldfields region of Western Australia.

Proactive Investors has reported, Boadicea Managing Director Jon Reynolds saying, “The completion of the first phase of exploration activity at the Bald Hill East Lithium Project paves the way for more advanced exploration with drill testing of potential lithium targets.”

The auger sampling is testing historic geochemical sampling and shallow RAB drilling that identified a series of coincident lithium, caesium and rubidium anomalies that provide initial targeting for this exploration program at the project about 2 kilometres from the Bald Hill mine.

Assays are pending, with the next phase of exploration to include drilling which will be planned upon the interpretation of assay results.

Shares have been as much as 18.43% higher intraday to $0.225 and are up from $0.185 at the market close on March 17.

 

Potential lithium targets

Boadicea managing director Jon Reynolds said: “The interpreted along strike extension of the Bald Hill Mine provides Boadicea the most advanced exploration opportunity for a potential commercial lithium discovery.”

 

Auger geochemical exploration

Boadicea is testing a previously identified coincident caesium, rubidium and lithium anomaly, interpreted to be along strike of the Bald Hill deposit

The historic geochemical sampling was only analysed for a limited suite of elements while the current auger samples will be assayed for an extensive multi-element suite.

Bald Hill area was mined for alluvial tantalite from the early 1970s to the 1980s. It was during tantalite mining that pegmatite ore containing commercial quantities of spodumene was discovered below thin cover.

 

About the project

The Bald Hill East Lithium Project is about 2 kilometres from the Bald Hill lithium mining and processing operation which includes a complete processing plant.

The region is a known source of commercial-scale lithium-tantalum mineralisation hosted within lithium-caesium-tantalum (LCT) pegmatites.

Other notable Western Australian LCT deposits include Talison Lithium’s Greenbushes mine, Mineral Resources’ Mt Marion and Wodgina mines, Pilbara Minerals’ well advanced Pilgangoora project.