Metals & Minerals News

Cadence investee intercepts pegmatitic intrusions

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Cadence Minerals plc investee company has intercepted pegmatitic intrusions in multiple locations at the Bynoe project, 50km south of Darwin.

Plan: reverse circulation will test pegmatites below weathered areas (Pixabay)

EVIDENCE

Evergreen Lithium Ltd, in which Cadence currently holds 8.74%, logged air core drill samples at the Lunchbox and Frogmouth prospects, identifying pegmatites close to surface.

Cadence said that early drilling provided evidence that that nearby Core Lithium’s mineralised pegmatite field continued into Bynoe.

Air core drilling continues while a follow-up deeper reverse circulation programme is being planned to test the newly identified pegmatites below the weathered zone.

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