Marquee Resources – Li & Au Anomalities Identified Over Several Km’s at Yindi
Price Sensitive Announcement
Yindi Exploration Update – Auger Geochemistry Results
Multiple Lithium and Gold Anomalies Identified Over Several
Kilometres
Highlights:
• Results from a 1,011 point UltraFine+™ sampling program highlights high-priority target
areas.
• The use of modern geochemical techniques has defined previously unidentified lithium and
gold in soil anomalies.
• Three broad zones of lithium anomalism extend over several kilometres and include;
• Northern Anomaly – ~6 x 1km
• Eastern Anomaly – ~1.8 x 0.4km
• Southern Anomaly – ~7 x 1.5km
• Geochemical data also highlights previously unrecognised gold in soil anomalies, up to ~3 x
2km, that require follow-up sampling.
• The size and scale of anomalism highlights the significant potential of the Yindi Project.
• A 1,456-station ground gravity survey has also been completed with processing and
interpretation ongoing.
• Aggressive exploration will be ongoing throughout 2024 targeting lithium and gold
mineralisation in a highly endowed and geologically favourable location.
• The Yindi project is located just 13 km from the Manna Deposit (ASX: GL1) and within the lithium
“Corridor of Power”.
Marquee Resources Limited (“Marquee” or “the Company”) (ASX:MQR) is pleased to update the market with results from recently completed UltraFine+™(“UFF”) soil geochemistry at the recently acquired Yindi Project (“Yindi”). The Company has received results from a 1,011-sample UFF auger soil geochemistry program that has highlighted multiple lithium and gold in soil anomalies.
The Company will look to expedite follow-up sampling and mapping to define priority targets for drill testing as soon as possible. The Company has also completed a 1,456-station ground gravity survey with data processing and interpretation ongoing.
The purpose of the initial exploration programs was to in-fill historical geochemistry and geophysics datasets and to extend data coverage over the entire project area. Using the lessons learnt from lithium exploration completed at the Company’s West Spargoville Project, Marquee looks to roll out an aggressive exploration strategy over 2024 and to begin drill testing as soon as possible. The Company is excited about the potential of the Project, located just 13 km from the Manna Deposit (ASX: GL1) and within the lithium “Corridor of Power”.
Executive Chairman Comment:
Marquee Executive Chairman, Mr Charles Thomas, commented:
“I think what the early results show is that the Yindi Project has the potential to host significant lithium and gold mineralisation and we’re excited to aggressively explore this land package. The application of modern exploration techniques has already identified large-scale, previously unrecognised, gold and lithium geochemical anomalies, so we are very excited about the potential, and we will methodically and aggressively go about unlocking the fullpotential of Yindi.”
“It will be a busy 2024 as we will have multiple exploration programs being completed in conjunction across our suite of future facing metals projects. We look forward to keeping the market updated of our progress at Yindi and our future drilling plans following the completion of this initial phase of exploration.”
Full ASX Announcement: 2924-02806564-6A1207433 (markitdigital.com)