Arcadia Minerals has announced positive stream sediment results from its TVC Lithium & Tantalum and TVC Nickel and PGE Projects.
The TVC Lithium and TVC Nickel/PGE Projects are within the Swanson Tantalite Valley Ultra-Mafic Intrusive Complex of EPL 5047, about 15km from the Orange River in the Karas region.
The stream sediment results indicated elevated levels of mineralisation draining from source areas where historical drilling returned intercepts of up to 0.65% Ni and 0.16% Cu over 16 metres.
A total of 97 stream sediment samples were taken within EPL 5047 at the confluence of drainage systems covering the Tantalite Valley Ultra Mafic Intrusive Complex.
Drainage systems outside the complex were also sampled to serve as a baseline background mineralisation for comparison with the results of samples taken from drainage systems within the TVC.
The stream sediment sampling program aimed to identify source areas of mineralisation within the TVC Complex for further exploration and drilling and to investigate if anomalous stream sediment mineralisation associated with historical drilling is limited to licence 77 or if it extends over the rest of the TVC Complex.
Arcadia Minerals CEO Philip le Roux said the stream sediment sampling results over the TVC Complex indicate that nickel, platinum, copper, and gold mineralisation are associated with drainage areas located over the entire Tantalite Valley Complex, which has demonstrated itself to be fertile, as it already contains two mining licenses, 77 and 223.
Le Roux also said analysis of the drainage areas of stream sediments for chrome, which is a good indicator of mafic mineralisation, indicates elevated levels of mineralisation from areas where historical drilling in the 70s has returned compelling results.
“Analysis of the drainage systems that do not drain from this known area of mineralisation indicates that there are several additional areas of potential source rocks in the TVC Complex which were previously unknown,” he said.
Le Roux added that two further areas of potential lithium mineralisation at the northwestern perimeter of the Tantalite Valley Complex have been identified.
“We are very pleased with the results, as they confirm that the Tantalite Valley Complex holds significant exploration potential for further discoveries of critical minerals in pegmatitic and intrusive rock types. The results will also serve as a guide for future exploration efforts.”
