Forrestania Resources Limited (ASX:FRS) recently announced a promising exploration update with respect to the fieldwork completed at its newly identified Calypso prospect. The prospect is part of the Company’s flagship Forrestania Project which is being explored for potentially significant lithium, gold, and nickel discoveries.
The Calypso prospect is located at the southern end of the Forrestania Project on the western side of the tenement package. The Forrestania Project itself is part of the well-endowed southern Forrestania Greenstone Belt. It has a tenement footprint spanning approximately 100km, north-to-south, of variously metamorphosed mafic/ultramafic/volcano-sedimentary rocks host to the historic 1Moz Bounty gold deposit, emerging Kat Gap gold deposit, the operating Flying Fox, and Spotted Quoll nickel mines, and the more recently discovered Earl Grey lithium deposit.
The geology team has completed a reconnaissance field trip to the Calypso prospect with the goal of mapping and infill soil sampling the area. This mapping identified a pegmatite subcrop which correlates with coarse grained or pegmatitic felsic rocks in historic air core drilling and anomalous lithium pathfinder elements (beryllium and rubidium) in soil and rock chip data.
- Lithium-bearing pegmatite rock treated to remove the lithium and then supplied to end-users
- Exceptional Assay Results From Fission Uranium Corp, Aeon Metals Limited, and Atlantic Lithium Limited
Chairman and interim CEO John Hannaford commented: “The identification of a pegmatite subcrop at the Calypso prospect is an excellent outcome for the geology team at Forrestania. The discovery continues to demonstrate the effectiveness of the company’s planned and ongoing regional infill soil sampling programs to identify and generate new target areas.”
Forrestania has initiated the process of obtaining the relevant approvals needed to undertake an initial drilling program at the prospect. Additionally, the company is also in the process of finalising and undertaking regional and targeted exploration programs as it continues to build momentum towards its next lithium targeted drilling programme at the Forrestania Project.
Forrestania Resources is also exploring the Southern Cross and Leonora regions of Western Australia. The Southern Cross Project tenements are scattered within proximity to the town of Southern Cross and located in and around the Southern Cross Greenstone Belt. This belt extends along strike for approximately 300 km from Mt Jackson to Hatters Hill in the south. The Company is of the opinion that the potential for economic gold mineralization at the Southern Cross Project has not been fully evaluated.
The Leonora Project tenements are located within the Norseman-Wiluna Greenstone Belt of the Yilgarn Craton. The Project includes four Exploration Licences and five Exploration Licence Applications, covering a total of around 920km2. The tenements are predominately non-contiguous and scattered over the 200 km length of the greenstone belt.
Prior exploration over the Leonora project area has focussed on gold, diamonds, and uranium. Tenements in the Project have been variably subjected to soil sampling, stream sampling, drilling, mapping, rock chip sampling and geophysical surveys.