Prospect Resources happy with new lithium discovery, ‘WinBin’, in Goromonzi

Business Review

Prospect Resources has made a new lithium discovery, named ‘WinBin’, at its Step Aside project in Zimbabwe.

Prospect Resources (ASX:PSC) has previously voiced its belief that Step Aside could be within the same mineralised system as the 72.7Mt Arcadia project, which it sold to Huayou Cobalt in mid-2022 for about US$422m in cash.

Phase 2 drilling earlier this year at Step Aside – just 8km from Arcadia — returned 6.28m at 1.09% Li2O from 67.52m. So far, the company has completed around 3,000m of a planned 5,000m diamond drilling program which is aimed at extending the limits of the identified spodumene-rich pegmatite deposits and scout exploration of key lithium soil anomaly targets.

This scout drilling has intersected visual lithium mineralisation with abundant coarse spodumene crystals evident.

Assaying has also returned a thick, shallow and high grade interval of 23.08m at 1.03% Li2O from 45m, including 11m at 1.51% Li2O from 54m.

A new spodumene feeder zone
Prospect says this represents an exciting new discovery in the ‘WinBin’ zone that was targeted for scout drilling following identified Li-in-soil anomalism and is strong proof of its targeting methodology.

The new discovery potentially represents a feeder zone for the defined spodumene mineralisation identified further to the north during the earlier phases of drilling at Step Aside.

“We are very excited by the potential of this new, buried pegmatite discovery at Step Aside,” MD and CEO Sam Hosack said.

“Prompt follow-up drilling of WinBin is underway and we look forward to rapidly advancing this new opportunity.

“I would like to congratulate the entire Prospect exploration team for their diligent work and perseverance in delivering this discovery, providing clear evidence of success of our geochemical targeting and validation of our process.” – Stockhead

 

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