On February 17, 2023, Stria Lithium announced promising assay results from the first two drill holes at depth on the Pontax Lithium Project.
Assays include 10.2 m (true width) at 1.34% Li2O, and a doubling of the depth of known mineralization to 230m. These results further confirm previous exploration activities on the site and are only the first results of 14 holes drilled to date, totalling 3,858 metres, as part of an aggressive 15,000-metre definition and exploration drilling program now under way on Stria’s Pontax property. A winter road has been opened from the main highway to the Pontax site, and mutiple drill rigs are now on site with the aim of establishing a maiden resource by mid–2023. Assays from the remaining 12 holes are currently pending at the laboratories.
The drilling program at Stria’s Pontax property is being financed and conducted by Stria’s project partner, Cygnus Gold Ltd. of Australia, and has been designed to systematically step out from known mineralisation at Pontax Central – an extensive spodumene-bearing pegmatite swarm which outcrops over 700m of strike.
Significant intersection results from the latest drilling include;
- 2.82 m* (4.3m of core length) @ 1.84% Li2O** at a depth of 158 metres(from 227.6m to 231.9m)
- 6.04 m* (9.21m core length) @ 1.44% Li2O** at a depth of 172 metres (from 247.1m to 256.3m)
- Five (5) minor intervals of true width between 1.51m* and 2.02m* @ 0.84% to 1.46% Li2O**
- Cumulative true thickness of mineralized dyke of 4 metres
- 3.44 m* (5.7m of core length) @ 1.35% Li2O** at a depth of 144 metres (from 194.3m to 200.0m)
- 8.54 m* (13.3m of core length) @ 1.34% Li2O** at a depth of 212 metres (from 300.2m to 313.5m)
- Three (3) minor intervals of true width between 1.08m* and 1.55m* @ 0.67% to 0.82% Li2O**
- Cumulative true thickness of mineralized dyke of 9 metres
*: True thickness, assuming the dykes are dipping -85o to the NNW
**: Weighted average using a cut-off grade of 0.5% Li2O on spudumene dyke only, excluding lithium bearing wallrock (FeO > 5%), a minimum true thickness of 1 metre, no external dilution, and wallrock internal dilution set at 0% Li2O.
Dean Hanisch, CEO of Stria Lithium, said: “We are excitied to be finally getting an aggressivce drilling program at depth under way, and are very encouraged by the promising results of the first two holes of 14 drilled to date. The winter road is open and providing economical access to several additional heavy drill rigs. We look forward to reporting more assay results as they become available.”
The latest drilling has stepped out 50m to 100m below existing mineralisation to a vertical depth of 230m, effectively doubling the depth of known mineralisation which remains open in all directions.
Figure 1: Plan view of Pontax Central with the location of all drilling to date. Highlighting recent significant intersections including 8.54m @ 1.34% Li2O and 6.04 @ 1.44% Li2O
Figure 2: Cross section though Pontax Central looking towards the NE, showing both historic drillholes and the recent deeper drillholes completed by Cygnus with results recived to date, including 4.3m @ 1.8% Li2O and 16.5m @ 1.1% Li2O. Interval length expressed as true thickness and depth as vertical depth. The recent drilling is the deepest drilling on the project to date stepping out over 100m from exisiting drilling with mineralisation remaining open in all directions.