By Business Reporter
AUSTRALIAN listed concern, Six Sigma Metals Limited has identified high-grade lithium in a reverse circulation drilling program at its Shamva Lithium Project, with test results showing further signs of lithium.
This comes barely a fortnight after another Australian based firm, Invictus Energy confirmed vast oil reserves in the Muzarabani area, located in the Cabora Bassa Basin, one of the largest under-explored interior rift basins in Africa.
Reporting their findings in the ASX announcement report on exceptional high-grade lithium mineralisation returned from initial drill program at Shamva Lithium Project, Six Sigma Metals were excited about their findings on the project.
“Six Sigma Metals Limited (“SI6” or the “the Company”) is pleased to announce the assay results of the Reverse Circulation (“RC”) drilling program undertaken in July 2018 (see ASX Announcement 25 July 2018) at Bonnyvale, a high priority pegmatite prospect at the Shamva Lithium Project (“the Project”),”read part of their statement.
The program was designed to test the continuity of lithium mineralisation at depth and to collect sections of continuous, unbiased samples via drilling across the pegmatites as part of SI6’s due diligence assessment of the Project as announced in the ASX Announcement of 12 June 2018.
Six Sigma Metals is a vanadium and lithium focused exploration company listed on the Australian Securities Exchange, owning the Chautsa vanadium and Shamva lithium projects.
Lithium deposits in Zimbabwe are found at Kamativi Mine, Bikita Mine, Zulu Project and Arcadia Lithium Project, with more deposits recorded in Mberengwa, Mutoko and some areas around Harare.
Zimbabwe is ranked top in Africa for countries rich in lithium deposits and the fifth largest producer of lithium in the world after Australia, Chile, Argentina and China.
In a statement, Six Sigma Metals non-executive Director, Steve Groves said, “The Due Diligence exploration program at the Shamva Lithium Project has been a great success. Mapping and surface rock sampling have shown us that at least 5 large areas containing extensive lithium mineralisation at surface from multiple pegmatite dyke outcrops exist across the entire project area.”
Groves further revealed that all areas sampled to date have shown high-grade lithium with up to over 4% across multiple sample sites. “The DD program included a small program of RC drilling to test one of the outcropping pegmatite dykes at the Bonnyvale area.”
“This program was very successful in intersecting thick zones of highgrade mineralisation to at least 30m below surface and achieved everything it was designed to do,” he said.
“It is worth remembering that the drilling targeted one tiny portion of one pegmatite in the large Bonnyvale field, and that at least four other pegmatite prospects all showing high-grade lithium mineralisation across broad areas have already been identified and remain to be drill tested.”
Assay results were also received from further rock sampling of pegmatite outcrop from the Loch Ness North and Loch Ness South prospects at Shamva.
Soil and rock sampling results from the Chuatsa Vanadium Project are pending. ENDS//