Morella Corporation Limited (ASX:1MC) Identifies New Lithium Targets
New Targets Identified
Morella Corporation Limited (ASX: 1MC) announced the successful results of a soil sampling program at its West Wodgina Lithium Project. The program identified five new targets with lithium (Li2O) assays reaching up to 255ppm. The project, located 100km south of Port Hedland, forms part of a joint venture with Sayona Mining Limited.
Soil Sampling Overview
The recent soil sampling program was designed to explore areas indicated by aeromagnetic surveys and previous geological mapping. A total of 1,016 soil samples were collected, contributing to the definition of identified anomalies. The samples underwent thorough assaying at ALS Global in Perth, ensuring the accuracy of the findings.
Future Exploration Plans
Following the success of this program, Morella plans to conduct a maiden drilling program targeting significant geochemical anomalies. The exploration efforts aim to investigate the potential for discovering lithium-bearing pegmatites within the newly identified areas.
Executive Comments
Morella’s Managing Director James Brown expressed optimism about the developments at West Wodgina. “These are very encouraging signs for the West Wodgina prospect, particularly given its proximity to the operating Wodgina Lithium Mine,” said Brown. He added that the extensive tenure presents attractive discovery opportunities, supported by additional assessments and drilling plans.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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