Horseshoe

Horseshoe Lithium Pegmatite Project (E15/1596 – 95% Boadicea)

The Horseshoe lithium pegmatite project is located 75km south-southwest of Coolgardie in the Eastern Goldfields district of Western Australia.

 The project is located in a region of significant pegmatite development and covers 204km2 of the Horseshoe greenstone belt. Outcrop is limited, but the belt is well defined by aeromagnetics. The area has not previously been explored for lithium pegmatites, but pegmatites have been noted in historic gold and nickel exploration reports, particularly at the Tramline Prospect of Metals Exploration Ltd. 

To date the Company has completed initial geological field reconnaissance of the project area including some rock chip and soil geochemical sampling, to assist with planning first pass exploration activities. While outcrop within the project area was found to be minimal, pegmatite subcrop and float was noted in a number of historic nickel and gold exploration tracks.

 A first pass 595 sample auger soil geochemical program testing the 3 initial pegmatite targets Arabian, Waler and Clydesdale was completed during the September quarter 2018. Results were disappointing with no significant gold assays returned and only low level lithium and associated multielements.

 Following a review of these results, the Company plans to relinquish the less prospective portions of the tenement, while retaining the more prospective portion with a view to planning additional geochemical programs testing the remaining targets within the Project. 

 

Horseshoe Project – Location relative to known pegmatite occurrences in the southwestern part of the Eastern Goldfields.

 

 Photo 1 – Horseshoe Project - Sampled pegmatite float at (a) 6486321N/309989E, and (b) 6501416N/316386E

 

Horseshoe Project - Licence area over aeromagnetics showing extent of “semi-blind” greenstones (magnetic highs) and position of initial selected pegmatite targets. Rock chip sample and orientation soil sample positions are also shown.