Dakota Minerals - Phase Two Drilling to Commence at Lynas Find Lithium Project

Dakota Minerals - Phase Two Drilling to Commence at Lynas Find Lithium Project

Dakota Minerals (ASX:DKO) will kick-off its phase two drilling programme at Lynas Find, focused on delivering a maiden lithium resource on the project in the near future. The 4000m, predominantly RC program will also include drill-testing of newly identified, spodumene-bearing pegmatites to the south of the Central Pegmatite. The drilling should be complete by the end of the current quarter and also feature some diamond holes to provide valuable geotechnical and metallurgical data on the deposit.


Highlights:

  • Phase Two drilling programme expected to commence this week at the Lynas Find Lithium Project
  • Drilling aims to define a maiden resource at the Company’s Lynas Find project
  • Several newly identified pegmatites at Lynas Find to be drill-tested
  • Phase Two expected to consist of approximately 4,000m of RC and diamond drilling

Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to announce the expected commencement, this week, of its phase two drilling programme at the Lynas Find Lithium Project, in the Pilgangoora region of Western Australia. The main aim of the drilling is to define a maiden resource at Lynas Find. Some reconnaissance RC drilling will also be conducted to drill-test newly identified, spodumene-bearing pegmatites to the south of the Central Pegmatite. These are thought to be possible structural repeats of the Central Pegmatite dilational zone, and to date have yielded surface rock-chip grades of up to 3.98% Li2O. Dakota is planning approximately 4,000m of reverse circulation and diamond drilling, which should be completed by the end of the current quarter. The total metres drilled will depend on the dip of the pegmatites intersected. The diamond drilling will be conducted, to provide valuable geotechnical and metallurgical data on the deposit.

“Given the impressive nature of the high-grade results from initial drilling at Lynas Find, we are looking forward to the next round of drilling and hopefully the definition of a significant maiden resource in the near future” Dakota Minerals Managing Director David Frances said.

Lynas Find Lithium Project

Dakota’s Lynas Find lithium project, to which Dakota has 100% rights, is located on and in the vicinity of an extensive lithium-tantalum bearing pegmatitic dyke swarm. Peer activity in the immediate area known as Pilgangoora, includes Pilbara Minerals Limited (ASX:PLS) and Altura Mining Limited (ASX:AJM), which have both discovered significant lithium and tantalum resources in recent times. Pilbara Minerals has identified a total Indicated and Inferred resource of 80.2Mt @ 1.26% Li2O and 32.9Mt @ 0.022% Ta2O5. On a neighbouring property, Altura Mining has identified an Indicated and Inferred resource of 35.7Mt @ 1.05% Li2O. Following recent exploration activity, the Pilgangoora area has been confirmed to contain one of the world’s largest hardrock lithium deposits, mostly in the form of the mineral spodumene.

ENDS

To view the full announcement, please click here.

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