Charger (ASX:CHR) rattles spodumene swarm at Lake Johnston
December 2, 2022Charger Metals is examining a large pegmatite “swarm” at its exciting Medcalf spodumene prospect, part of the Company’s Lake Johnston Lithium Project in southern Western Australia.
The initial 40-hole RC programme is targeting the prospect’s spodumene-bearing pegmatites, potentially extending into its recent acquisition of 33 square kilometres of highly prospective close by.
The pegmatites are thought to contain around 20 anastomosing pegmatite dykes that are out in an area 800m long within a 300m wide corridor.
“This programme aims to test this 300m x 800m swarm,” Managing Driector David Crooke said.
Price Action
The Company’s ASX-listed shares have risen 2.78% to 55.5c in early morning trade.
Next Steps
Ongoing mapping will identify other spodumene-pegmatite outcrops in this area.
About the Lake Johnston Lithium Project
The Lake Johnston Lithium Project is located 450km east of Perth, Western Australia. Charger’s predominately 70% interest is through a Joint Venture, with the remaining 30% held by Lithium Australia Ltd.
Lithium prospects occur within a 50km long corridor along the southern and western margin of the Lake Johnston granite batholith. Key prospects include the advancing Medcalf Spodumene Prospect and much of the Mount Day lithium-caesium-tantalum (LCT) pegmatite field, prospective for lithium and tantalum minerals.
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