Pioneer Lithium Ltd (ASX:PLN) has yielded multiple drill targets from a field program completed at its Root Hill Lake Lithium Project in Canada, with grab samples revealing grades of up to 2.95% lithium oxide (Li2O), while channel samples showed values as high as 3,530ppm (parts per million) lithium.
As part of the program, Pioneer also undertook focused mechanical stripping and trenching across 1,320 linear metres – to remove surface cover and expose outcrops – with strong results being taken from three highly prospective areas.
The trenching aspect focused on extensions of identified pegmatite fields near the property boundary, including close areas like the McCombe pegmatite field, which is being explored by Green Technology Metals at the moment.
The latter’s Consolidated McCombe pegmatite field and the Root Bay pegmatite fields hold 4.5 million tonnes at 1.01% Li2O and 10.1 million tonnes at 1.29% Li2O resources
respectively.
Pioneer executive chairman Robert Martin said the work has provided important indications of where the company could go next in terms of exploration.
“The systematic approach to trenching, stripping, and sampling has provided valuable insights into the geological potential of this highly promising property,” he said.
“With lithium grades up to 2.95% Li2O and channel samples reaching 3,530ppm Li, the results clearly demonstrate the projects potential to host spodumene-bearing pegmatites fields.”
At 10:53 AEDT, Pioneer was trading at 16 cents, a fall of 3% since the market opened.
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