FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Forrestania Resources defines Cohn and Great Southern battery potential

17 November 2021
ASX: FRS
Rueben Hale

FRS’s Geochemical sampling across the Cohn and Great Southern prospects, near the world-class Mt Holland Lithium project, has defined coincident, extensive lithium and caesium soil anomaly that spans about 14km of strike across the entire Bounty East area.  

The historic first-pass soil sampling has revealed other anomalous speciality metals and gold targets across the Forrestania Project, with multiple walk-up lithium and gold drill targets emerging.  

A speciality metals consultant has assisted with multi-element soil sampling, confirming battery mineral anomalism at the Cohn LCT-pegmatite prospect, part of the Forrestania project in WA located south-east of the world-class Mt Holland Lithium project. 

The entire Bounty East Prospect area contains numerous individual targets under investigation, and the orientation sampling program at the Cohn, covered an area of 1km by 1.7km.  

At the Great Southern project, a 1.1km by 800m area was covered by a 200m by 100-metre sample spacing.  

The company said the program further defined several high order anomalies and strengthened the pipeline of lithium-caesium-tantalum, pegmatite, and gold targets at the project.  

“Given the Forrestania Project’s proximity to a world-class lithium mine, a plus one-million-ounce gold camp and several outstanding nickel mines, the exciting challenge for the company’s exploration team was always going to be: where to start?  

“We have been systematically assessing and validating the available historical data and advancing modern techniques across the previously unexplored ground at the Forrestania Project.  

“Ultrafine+™ geochemical analysis is a cutting-edge geochemical analysis tool, and the results of our orientation survey have generated strong speciality metals and gold anomalies.  

“We are now looking to this data to recalibrate and level regional datasets as a foundation for lithium, gold, and nickel discoveries.  

“The Company is also thrilled to welcome Dr Leigh Bettenay as a consultant to our geological team.  

“Dr Bettenay is one of the few experienced consultants on the rapidly emerging speciality metals scene, and we look forward to collaborating with him.” 

The company will keep the market appraised of the new targets and any further results that come to hand in the coming weeks. 

FRS’s Australian Stock Exchange-listed share prices has risen 7.2 per cent, trading at 4.4c, today (8:00am UTC+ 8 hours)  

COMPANY OVERVIEW

Forrestania Resources Limited is an exploration company searching for gold, lithium and nickel in the Forrestania, Southern Cross and Leonora regions of Western Australia. The Forrestania Project is prospective for gold, lithium and nickel and is currently the only project, within the tenement portfolio that holds a gold Mineral Resource. The Southern Cross Project is prospective for gold and lithium and the Leonora Project is prospective for gold.

COMPANY INFORMATION

ASX: FRS

Website

https://forrestaniaresources.com.au/
https://www2.asx.com.au/markets/company/frs

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!