• New discoveries increase the total number of lithium-bearing pegmatite outcrops discovered on 100% Marindi ground to seven
• Chemistry in-line with nearby Earl Grey and Bounty pegmatites
• 50km of highly-prospective unexplored 100%-owned ground between discoveries
• Initial drill campaign commencing mid-June 2018
• Scarab and Firefly gold anomalies highlighted during LCT-pegmatite soil sampling
• Extensive gold and tellurium signatures over 4km long identified on 100%-owned ground
• Gold grades of up to 1.0g/t returned from soil sampling
• Current drill clearances targeting LCT-pegmatites cover both gold anomalies
• Drilling commencing this week
As part of a recent successful soil sampling program targeting Lithium-Caesium-Tantalum (LCT)-pegmatites which resulted in the discovery of seven drill-ready lithium targets, two extensive gold-in-soil anomalies have also been illustrated on 100%-owned ground. The Scarab and Firefly gold anomalies are respectively more than 4km and 5km long and sit adjacent and astride the eastern granite/greenstone contact zone.
“The Scarab gold anomaly sits along an interpreted gabbro/dolerite unit within the greenstone package,” said Marindi’s Managing Director, Simon Lawson. “This structural framework, coupled with significant gold-positive clustered sample points and recent prospector reports of surface nuggets, provide strong evidence for the presence of a potentially significant gold system at Forrestania."
“The drilling that starts this week will allow Marindi to rapidly define the extent, host-rock and mineralisation style of the gold source, adding another exciting potential string to our bow from an exploration perspective.” The Scarab gold anomaly has been previously pictured as the Tillerson gold anomaly in recent Marindi announcements."
And then there's FireFly.
“There are hundreds of examples of gold deposits in this exact kind of structural setting throughout the Goldfields of WA. The scale of the Firefly anomaly is significant – more than 5km long – and there appear to be multiple NESW trends in the data, possibly suggesting second order shear structures. “If these structures are what I think they are, they essentially represent a “multiplier”, or a secondary mechanism for gold enrichment. We also received our strongest gold assays of up to 1.0g/t from soil sampling in this area."
To be honest I was a little disappointed to see the Bellary Dome leaving. I was looking forward to a huge find in the future and that everything had sunk down into it. Still may be so.
However, looking at the last couple of Ann's, there is still much to be excited about.
Gold and Lithium all in the same on-going drilling programmes, funded and with great nearology and rock sample results.
MZN will still have some $ left in the bank and forth-coming in the next 12 to 18 months.
Also MZN will have 10,000,000 shares of Pacton in case of emergency. Pacton don't even have to do well from MZN Bellary Dome Tenements for the the price to scale up, could be from any of their tenements, which may be advantageous in the long run. We'll have to wait and see.
So lets go drill it up and receive some Great expected and hopefully a few high unexpected assays.
Just to add, because of the volatility in the markets, I'm trying to stick with specs that have some funding already in the bank (a year+), in the process of drilling for potential results, not too many projects going on and a "boots on the ground" approach.
For me MZN now fits in that catagory.
I have faith in Simon Lawson and the projects he saw more potential in, although that name 'Simon' worries me. lol.