Litchfield Minerals Limited (ASX: LMS), a critical mineral explorer, has discovered new copper-tungsten targets at its Wolfram Hill Prospect within the Mount Doreen Exploration Licence (EL 31305) in the Northern Territory.
This discovery, resulting from comprehensive Induced Polarisation (IP) surveys conducted in March 2024, marks a major milestone in the exploration of this site.
The recent IP survey has identified two large and highly promising chargeability targets located to the north and south of the existing mineralised zones.
These findings suggest the potential for substantial extensions of the known mineralised reef at depth and along the strike to both the north and south.
Key highlights from the March 2024 IP Survey:
- Discovery of two extensive chargeability targets, offering new exploration avenues.
- Indications of potential extensions to the known mineralised reef, both at depth and along the strike.
- Identification of several new promising drill targets at Wolfram Hill, indicating extensive mineralisation in terms of both length and depth.
- Completion of two additional pole-dipole lines, located in the northern and southern zones, is pending.
- Recent rock chip sampling has revealed high grades of bismuth, highlighting the site’s potential for yielding critical minerals.
Litchfield Minerals Managing Director Matthew Pustahya stated: “The March IP survey at Wolfram Hill has been remarkably successful, filling us with confidence about the significant drill targets we’re poised to explore in the upcoming period.
“This momentum propels us forward, as we anticipate revealing the full potential of these promising findings.”
Pustahya further highlighted the significance of bismuth, noting its rarity and its role as an indicator for gold, especially in the Tanami region of Central Australia.
He also mentioned the company’s readiness to commence the initial drill program at Silver King once weather conditions permit.
The identification of these new targets at Wolfram Hill underscores the company’s commitment to leveraging advanced exploration techniques to uncover the rich mineral potential of its properties.
Litchfield Minerals is a critical mineral explorer focused on base metals and uranium in the Northern Territory of Australia.
The company’s mission is to be a pioneering copper exploration company committed to delivering cost-effective, innovative, and sustainable exploration solutions.
