Marble Bar hosts a shallowly dipping gold system from surface over a ~3km cumulative strike length across the Sherman, Churchill, Tiger and Tiger 2 prospects. This was confirmed by the Company’s maiden reverse circulation (RC) drill program, comprising 77 holes for 1,086m, the first ever drilling undertaken at the project. Assays of up to 6.21g/t at a vertical depth of 17m indicate potential for down dip continuity.
Mapping and rock chip sampling defined the Sherman, Churchill and Tiger prospects over the ~3km strike length, with gold grades up to 87.9g/t at the Sherman prospect, but averaging 2.2g/t Au over the entire length of the outcropping vein.
Compilation and assaying of historical soil samples delineated a coherent gold-in-soil anomaly extending up to 9.5km in strike. Reconnaissance with initial rock chip sampling at Marble Bar identifing gold mineralisation at the Tiger and Sherman prospects, of 2.95g/t and 4.0g/t gold, with` mapping at Sherman defining a quartz vein approximately 7m wide and 120m in length.
The project is also prospective for lithium, with the tenements located south of the Archer lithium deposit. Prior to Kali’s admission to the ASX in January 2024, Kalamazoo Resources Limited (ASX: KZR) identified a 1.4km long LCT pegmatite outcrop, with the spodumene-lepidolite mineralogy confirmed in thin sections. The main pegmatite hosts lithium mineralisation up to 2.8% Li2O.
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