19 December 2016
Market Announcements Platform ASX Limited
Exchange Centre, 20 Bridge Street
Sydney NSW 2000
ASX Code: SEG
HIGH PRIORITY TARGETS IDENTIFIED AT GASCOYNE LITHIUM PROJECTSegue Resources Limited (Segue or the Company) is pleased to announce that the recently completed stream sediment survey at the Gascoyne Lithium Project (Figures 1 & 2) has identified several LCT (lithium- caesium-tantalum) pegmatite prospects warranting detailed follow-up exploration.
In November 2016, Segue completed a stream sediment survey over the 1,100 km2 Gascoyne Lithium Project to identify areas prospective for LCT pegmatites. Previous work undertaken by Segue has successfully identified highly fertile and fractionated granites (Thirty Three Supersuite) which have the potential to produce LCT pegmatites.
The Project area has a well-developed drainage system and the stream sediment programme was designed to identify lithological packages with anomalous LCT pegmatite pathfinder elements (Li, Cs, Ta, Nb, Be, Rb) which may indicate the erosion of an outcropping or sub-cropping mineralised LCT pegmatite. The survey consisted of ~1,300 samples collected at a density of 1-3 samples per square kilometre. The results have been reviewed by Segue's consulting geochemist, Dr Nigel Brand.
Segue has identified five prospects with LCT pathfinder element anomalism in the correct geological setting proximal to fertile granite intrusions of the Thirty Three Supersuite (Figure 3).
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Figure 3: Simplified geology with lithium prospectsA high priority prospect has been identified at Reid Well where a 10 square kilometre, multipoint anomaly has been defined in sediments within 3 kilometres of a fertile and fractionated granite of the Thirty Three Supersuite. This anomaly shows zonation from a caesium outer halo to an inner core of Li-Cs-Ta + Nb, Be and Rb (Figure 4). The geological setting of this anomaly within 3 kilometres of the source intrusion is highly significant and consistent with major lithium deposits, such as Pilgangoora in Western Australia and Tanco, Mavis Lake and Raleigh Lake in Canada.
In addition to Reid Well, four other prospects have been identified at Tree Well, Dunlop Well, Morrissey Hill and Camel Hill, where Li, Cs +/- Ta, Nb and Be anomalies were identified within sediments in close proximity to fertile granite intrusions.
Commenting on the soil sampling results, Segue's Managing Director, Mr Steven Michael, said:
The Gascoyne Lithium Project sits within a previously unidentified lithium province of Western Australia. Within six months of acquiring the Project, Segue has confirmed a fertile and fractionated granite suite (Thirty Three Supersuite) and has now identified several areas of lithium anomalism, including the Reid Well prospect which has several anomalies over 10km2.
Segue will undertake a gridded soil sampling and rock chipping programme at each of the prospect areas in 1Q 2017 with the aim of identifying drill targets (mineralised pegmatites) for initial drill testing once the exploration licences are granted. The Camel Hill prospect lies within granted exploration licence E09/1618, where Segue is earning up to a 50% interest through the Mortimer Hills JV.
Figure 4: Reid Well LCT element zonation patterns Table 1: Significant stream sediment sample assays from the Reid Well prospectSampleID | Prospect | Northing | Easting | Be (ppm) | Cs (ppm) | Li (ppm) | Nb (ppm) | Rb (ppm) | Ta (ppm) |
SEG01080 | Reid Well | 7289369 | 424512 | 1.5 | 8.0 | 19.4 | 19.0 | 124.5 | 3.1 |
SEG01081 | Reid Well | 7289931 | 424829 | 1.6 | 7.6 | 18.7 | 17.9 | 77.1 | 3.6 |
SEG01083 | Reid Well | 7288811 | 424809 | 2.1 | 12.8 | 27.0 | 20.2 | 153.5 | 3.6 |
SEG01087 | Reid Well | 7288927 | 425844 | 1.4 | 9.3 | 21.7 | 16.0 | 132.0 | 3.2 |
SEG01088 | Reid Well | 7289387 | 425445 | 2.9 | 11.7 | 23.1 | 34.3 | 76.9 | 23.5 |
SEG01089 | Reid Well | 7289427 | 425787 | 2.0 | 11.1 | 25.6 | 15.4 | 95.9 | 4.1 |
SEG01090 | Reid Well | 7289888 | 425906 | 6.1 | 50.5 | 96.5 | 66.0 | 189.0 | 63.1 |
SEG01091 | Reid Well | 7289666 | 426239 | 2.0 | 28.8 | 31.8 | 27.2 | 74.4 | 26.3 |
SEG01092 | Reid Well | 7289168 | 426185 | 1.9 | 11.8 | 32.1 | 28.0 | 69.3 | 20.6 |
SEG01093 | Reid Well | 7289015 | 426762 | 17.7 | 24.7 | 228.0 | 122.5 | 176.0 | 102.5 |
SEG01094 | Reid Well | 7288374 | 426876 | 3.7 | 12.9 | 49.2 | 47.6 | 76.8 | 26.2 |
SEG01095 | Reid Well | 7288178 | 426702 | 1.8 | 10.2 | 22.3 | 16.4 | 112.5 | 2.2 |
SEG01096 | Reid Well | 7288080 | 427493 | 2.0 | 6.3 | 23.1 | 19.5 | 94.7 | 5.7 |
SEG01097 | Reid Well | 7288589 | 427409 | 1.7 | 6.4 | 18.7 | 17.1 | 100.5 | 2.3 |
SEG01098 | Reid Well | 7288907 | 427346 | 1.8 | 6.2 | 17.1 | 16.3 | 66.8 | 1.7 |
SEG01099 | Reid Well | 7289363 | 427442 | 2.1 | 12.6 | 29.3 | 15.5 | 76.9 | 4.4 |
SEG01101 | Reid Well | 7289176 | 427964 | 1.7 | 8.8 | 26.7 | 15.6 | 87.5 | 1.9 |
SEG01103 | Reid Well | 7289317 | 428297 | 1.8 | 12.7 | 29.1 | 13.9 | 89.9 | 1.6 |
SEG01104 | Reid Well | 7289864 | 428150 | 2.1 | 15.6 | 20.2 | 16.7 | 72.1 | 5.7 |
For further information visit www.segueresources.com or contact:
Segue Resources Limited Mr Steven Michael Managing DirectorE: info@segueresources.com
Competent Persons StatementThe information in this report that relates to Exploration Results is based on information compiled by Mr Dean Tuck who is a Member of the Australian Institute of Geoscientists. Mr Tuck has more than five years' experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves". Mr Tuck consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Segue Resources Limited published this content on 19 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2017 04:02:06 UTC.
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