Jan 23, 2018

Poseidon Nickel launches lithium drill project

Poseidon Nickel launches lithium drill project

Poseidon Nickel has kicked off a 4000m maiden drilling program at its Medusa lithium project in Western Australia.

With its Lake Johnston concentrator and mill located just 6km from Medusa, Poseidon will be able to fast-track production should an economic lithium deposit be defined, according to chief operating officer Michael Rodriguez.

“The Lake Johnston Medusa lithium project lies in a highly prospective area with several ASX listed companies already exploring for and developing lithium mines in the region,” he said.

“The commencement of 4000m of RC drilling at Medusa is a key milestone for the company following significant works completed to date, leading up to this maiden lithium drilling program.”

Core Drilling Service has been contracted to complete up to 4000m of RC drilling initially, using a specialised rubber track-mounted rig to navigate the hilly, rocky terrain while minimising the job’s environmental footprint.

A Bruker pXRF unit will be used on site to immediately evaluate samples to record and map lithium distribution prior to sending samples to the laboratory for analysis

Poseidon maintains a significant portfolio of tenements in the Lake Johnston region which are highly prospective for lithium hosted pegmatites.

 

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