Business
Castillo - Picasso Lithium Project Site Visit
Castillo - Picasso Lithium Project Site Visit.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4274Q\n Cadence Minerals PLC\n 27 October 2021\n \n \n \n \n Cadence Minerals Plc \n \n \n \n \n \n (\"Cadence Minerals\", \"Cadence\")\n \n \n \n \n \n \n Castillo Copper (ASX/LON: CCZ)\n \n \n \n \n \n to undertake comprehensive site visit to test all known pegmatites at Picasso Lithium Project.\n \n \n \n \n \n Further to the announcements of 29 September 2021, 7 October 2021 and 20 October 2021, Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that the Castillo Copper's (ASX/LON: CCZ) (\"Castillo\") geology team will undertake a field trip to the Picasso Lithium Project, near Norseman in Western Australia.\n \n For the full Castillo announcement, please link here \n \n This is a lithium rich region, as the Mt Marion and Bald Hill Mines are located within 120km to the north-west of the tenure. Moreover, the Picasso Lithium Project is proximal to LTR's Buldania Project which has a JORC compliant resource at 14.9Mt @ 0.97% Li2O2. \n \n Highlights\n \n · Geology team will visit the Picasso Lithium Project shortly to gather more geological evidence - over a wide area - to verify if known / newly discovered pegmatites host lithium mineralisation\n \n ·The focus area is the high-density corridor that hosts most of the 69 government mapped pegmatites on the eastern boundary, which is coincident to historical lithium occurrences at surface, coupled with selected outcropping targets seen elsewhere across the tenure1\n \n ·The scope for the field trip is comprehensive and includes undertaking a drone survey to identify new granite / pegmatites targets; visit and collect samples from prospective zones; determine potential for lithium mineralisation; and update geological maps\n \n ·Once complete, the team should have ample evidence to finalise the due diligence as significant historical data has already been reviewed, while more than 30 rock-chip samples1 are due to be received in coming weeks\n \n · The Picasso Lithium Project is proximal to Liontown Resources' (ASX: LTR) Buldania Project2 and is mostly situated on crown land, which makes access a relatively straight forward process\n \n \n Castillo's Managing Director Simon ...