Loyal Lithium Unveils Seventh Spodumene Pegmatite Dyke Discovery at Trieste Lithium Project
LLI (LLI) Share Update September 2024 Monday 30th
Loyal Lithium Discovers Seventh Spodumene Pegmatite Dyke at Trieste Lithium Project
Loyal Lithium Limited (ASX: LLI) has made a significant discovery with the identification of a seventh spodumene pegmatite dyke at their Trieste Lithium Project in the Trieste Greenstone Belt.
Instant Summary:
- Discovery of a new spodumene pegmatite dyke, Dyke #07, in the Trieste Greenstone Belt.
- Dyke #07 is the first greenstone-hosted spodumene pegmatite dyke at the Trieste Lithium Project.
- The TR3 resistivity trend now includes three spodumene pegmatite dykes over a 2.4 km strike length.
- Strong correlation between Mobile MTm survey results and field discoveries.
- Loyal Lithium has $6.3M in funding to develop the Trieste Greenstone Belt into a lithium hub.
Discovery Details
Loyal Lithium Limited (ASX: LLI) has announced the discovery of a seventh spodumene pegmatite dyke, named Dyke #07, during their 2024 Field Program at the Trieste Lithium Project. This marks the first greenstone-hosted spodumene pegmatite dyke found within the Trieste Greenstone Belt. The discovery aligns with the results of the recent Mobile MTm survey, which identified several high-resistivity trends indicative of lithium mineralization.
Dyke #07 is located along the TR3 resistivity trend, which now includes three spodumene-bearing dykes (Dykes #03, #06, and #07) spanning an uninterrupted 2.4 km strike length. The correlation between the Mobile MTm survey and field results has bolstered confidence in the potential for further mineralized discoveries within the Trieste Greenstone Belt.
Geological Context
The Trieste Greenstone Belt is known for its high lithium prospectivity, with the Mobile MTm survey identifying five resistivity trends that align with all known spodumene pegmatite dykes. This suggests a 22 km stretch of high lithium potential. Dyke #07 is situated where the TR2, TR3, and TR4 trend lines converge, surrounded by significant pegmatite activity. The area also includes seven newly discovered adjacent pegmatite outcrops.
Future Exploration and Development
With $6.3M in funding, Loyal Lithium is well-positioned to strategically develop the Trieste Greenstone Belt into a world-class lithium hub. The company continues to analyze and interpret the Mobile MTm 3D inversion data to define further drilling targets. The ongoing 2024 field program aims to ground-truth initial surface results from the geophysical survey, extend known pegmatite outcrop trends, and expose any concealed pegmatite outcrops.
Loyal Lithium's Managing Director, Mr. Adam Ritchie, expressed excitement over the discovery, emphasizing the validation of the Mobile MTm survey findings and the lithium potential in the Trieste Greenstone Belt. The company plans to continue working with Expert Geophysics on 3D simulation interpretation and analysis of the Mobile MTm geophysical survey, covering a 77 km2 area.
The discovery of Dyke #07 is a significant milestone for Loyal Lithium, potentially increasing the company's lithium resource base and enhancing its strategic position in the lithium market. This discovery could positively impact Loyal Lithium's stock price as investors respond to the increased potential for further mineralized discoveries within the Trieste Greenstone Belt.
Investor Reaction:
Analysts are likely to view this discovery positively, as it confirms the effectiveness of the Mobile MTm survey and the high lithium prospectivity of the Trieste Greenstone Belt. The strong correlation between survey results and field discoveries may boost investor confidence in Loyal Lithium's exploration strategy and future prospects.
Conclusion:
Investors should keep an eye on further developments from Loyal Lithium's Trieste Lithium Project, as additional discoveries and drilling results could significantly impact the company's valuation. The strategic development of the Trieste Greenstone Belt into a world-class lithium hub presents a promising opportunity for long-term growth.