FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Dalaroo move on Lyon’s lithium

26 May 2022
ASX: DAL
Jack Baker

Dalaroo Metals have outlined numerous lithium anomalies with the backing of elevated pathfinder and indicator elements from a historical data review of its Lyons River Project in the Gascoyne Province of Western Australia.

The anomalies were revealed with values and strike lengths up to 125 parts per million lithium and 1.5 kilometres and will immediately shift to a top priority.

Five fertile granite areas with the potential to host lithium pegmatites were highlighted from airborne data and coincided with the lithium zones.

The 700 square kilometre Lyons River project has shown a remarkable spread of base metals, platinum group elements, gold, and now lithium.

The company said the reveal would guide its exploration focus.

“Further assessment of our lithium anomalies in conjunction with other data sets and in-field investigation by a lithium expert geologist will determine their significance and the ability to host lithium-rich pegmatites,” managing director Harjinder Kehal said.

Dalaroo will immediately begin its follow up campaign next month.

DAL’s Australian Stock Exchange-listed price was trading at 13c today (7.55 am UTC+ 8 hours).

COMPANY OVERVIEW

Dalaroo Metals is a base metals explorer focussed on creating shareholder wealth through new Ni-Cu-PGE and Pb-Zn-Cu discoveries. The company has two projects with multiple high quality drilling targets, that have significant potential to yield economic and world class discoveries. Namban Ni-Cu-PGE and Lyons River Pb-Zn-Cu-Ag projects occupy a large land position totalling 1,140 km² with the scale to host significant sized orebodies. Significant SEDEX/BHT discovery potential at Lyons River.

COMPANY INFORMATION

ASX: DAL

Website

https://www.dalaroometals.com.au/
https://www2.asx.com.au/markets/company/dal

FREE DAILY STOCK MARKET NEWS

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

You have Successfully Subscribed!