Significant results at Mt Cattlin for Galaxy

23 April 2007 | 07:54 Code : 13468 Geoscience events
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Galaxy Resources has announced significant assay results from its reverse....

  Galaxy Resources has announced significant assay results from its reverse circulation drilling program at the Mt Cattlin Tantalum/Lithium prospect, located 2km north of Ravensthorpe within the Archaean Ravensthorpe Greenstone Belt in Western Australia.The company has drilled a total of 78 drill holes to date, for a total of 3002m, with assay results received for holes GX 450 to GX 479. The program has focused on the western side of the conceptual target, with the eastern extension is yet to be tested. According to Galaxy, the objective of the drilling program was to link the areas of historic drilling within the identified central zone of the pegmatite and to extend drill hole coverage on a wider spacing in the western and eastern areas so that complete coverage of the interpreted extent of the pegmatite was achieved. The program is designed to provide Galaxy with sufficient information to allow completion of a JORC compliant resource estimate. The company expects drilling of the central zone will be completed by the end of April and a resource estimate by late May. Galaxy’s Managing Director, Michael Fotios said the results confirmed the resource potential of the shallow lateral extensions west of the central zone Mt Cattlin pegmatite system. “What is particularly encouraging is that all holes designed within the perimeter intersected significant widths of mineralised pegmatite, confirming the consistency of mineralisation obtained by earlier drilling programs. “Importantly, the results also confirm the co-existence of significant grades/content of Ta2O5 and Spodumene,” Mr Fotios said. “We are pleased with the initial results of the reverse circulation drilling program, which have reconfirmed the potential of this project, and we intend to complete the remaining drill holes as quickly as we can,” he said.

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