QX Resources Limited has further expanded its exploration portfolio in the Pilbara lithium province of Western Australia with the acquisition of the Yule River lithium project which is five kilometres from the company’s Western Shaw project to the east.
The Yule River project is an exploration stage package which lies wholly within the Yule Granitoid Complex. From initial due diligence, the company understands the granite within the tenement has been intruded by the Split Rock Supersuite with which the Wodgina, Pilgangoora and Global Lithium deposits are associated.
The recent significant discovery of lithium-bearing pegmatites at Spear Hill by Pirra Lithium associated with Split Rock Supersuite intrusives in the Shaw River batholith gives QX further confidence that Yule River may be highly prospective for lithium.
This project complements QXR’s existing portfolio of lithium-focused projects in the Pilbara lithium region and takes the total area of granted tenements and applications to more than 355km2.
Geologically, Yule River is in a region dominated by ‘nested’ granite plutons, many of which are known to host lithium bearing pegmatite dykes and associated tin, tantalum and lithium mineralisation. The project also contains a further mix of geological terrain which includes porphyritic monzogranite.
QX Chairman Maurice Feilich said: “The highly prospective Yule River lithium project is a great fit for our portfolio, and adjoins the Western Shaw lithium project to the east. Like much of the Pilbara lithium province, the project area is considerably underexplored and presents as a fantastic target. The fact that the tenement has been intruded by the Split Rock Supersuite granites is highly encouraging.
“With an extensive exploration portfolio now locked in the Pilbara region, we will now focus on deploying our funds to exploration activities with another field trip planned for next week where we will undertake rock chip and soil sampling and with these results defining our plans for a more aggressive and extensive exploration program.”
