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Distribution of lithium
Distribution of lithium showing distinct, coherent, low-level anomalism. Anomalism within the active drainage channel is disregarded. Bing satellite imagery and regional magnetics shown for reference. Topographic contours (brown) and drainage channels (blue) also shown. On the “Magnetic” image, sample sites (black squares), outcropping pegmatite sites (pink circles peripheral to Li anomalies), and the gas pipeline are shown. Projection GDA94 MGA Zone 51.

KalGold MD and CEO, Dr Matt Painter, said:

“The Pianto project represents a broad-scale, dilational conceptual target. Such dilational zones are commonly prone to fluid infiltration, so the program will test for gold in hydrothermal fluids and lithium in melt fluids. This program is a first-pass assessment of the target area that aims to generate targets for follow-up exploration.”

“Anomalism possibly related to lithium and gold mineralisation at depth was detected by our first-pass surface exploration program at Pianto. Anomaly levels, as expected in landscapes covered by transported materials with little or no outcrop, are subdued, but are coherent and extensive. Follow-up work is required to fully define anomaly extents before drill testing beneath cover.

Promisingly, on-ground validation of the program has identified pegmatites in minor outcrops peripheral to the lithium anomalies. Furthermore, within these pegmatites, our geologists have made a tentative visual identification of the lithium mineral spodumene, which is yet to be confirmed.

KalGold is undertaking further field validation and sampling to attempt to confirm the presence of lithium bearing minerals and to inform design of follow-up programs. It’s very early stages, but Pianto is providing great interest in an historically poorly explored area.

It is important to note that while gold exploration will always remain KalGold’s first priority, the Company will additionally test for other commodities, like lithium, on our landholdings in an effort to maximise return for shareholders.”

The Pianto Project consists of one tenement covering an area of around 145 km², located 80 km north-northwest of Kalgoorlie. There are no historical or modern mining activities within this tenement.

The tenement lies on the western margin of the Gindalbie Domain and is interpreted to be mainly underlain by Archean granites, but with potential buried greenstones in the south and west. The tenement is extensively covered by lake associated sediments.

Previous exploration has mainly been focussed on the southern portion, due to the presence of cover in the northern sections. RC follow-up drilling of auger defined anomalies in the southern portion did not return any significant results. Generally, exploration over this tenement has been low-level. The highest prospectivity lies in the south and close spaced ground magnetics may assist in defining the presence of greenstones.