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Pioneer Lithium (ASX: $PLN) confirms significant lithium discovery at Benham project

Pioneer Lithium's Benham Project Assay Results


Pioneer Lithium Limited (ASX: $PLN) has reported exceptional assay results from the 40m long spodumene-bearing pegmatite discovered late last year at the recently optioned Benham Project in Ontario, Canada. The channel samples have confirmed visual estimates of spodumene content, including outstanding assay results of up to 4.61% Li2O, validating the significant potential of the Benham Project.

Executive Chairman's Perspective on Benham Project Discovery


This is great way to start the year, with laboratory assays confirming the visual estimates reported by our team late last year. The rapid discovery of up to 60 pegmatite outcrops last year in the narrow exploration window in November was a tremendous result in itself. The fact that we now have confirmed high-grade spodumene mineralisation in channel samples vindicates our decision to expedite exploration at the Project. Rock chip sampling has also provided favourable indicators of the right pathfinder elements and geochemical ratios to support the presence of highly fractionated LCT pegmatites in the vicinity of these mineralised outcrops. This supports the potential of the Benham Project and we look forward to obtaining further data to help us plan the next steps.

Summary of Benham Lithium Project Discovery


Pioneer Lithium's outstanding assay results from the Benham Project confirm the significant potential of the recently optioned project. The discovery of high-grade spodumene mineralisation in channel samples, including results of up to 4.61% Li2O, validates the Company's decision to expedite exploration at the Project. The favourable indicators from rock chip sampling support the presence of highly fractionated LCT pegmatites in the vicinity, further underpinning the potential of the Benham Project. With further data, Pioneer Lithium aims to plan the next steps for the project, demonstrating its commitment to advancing its exploration and development activities.

Sourcehttps://announcements.asx.com.au/asxpdf/20240118/pdf/05zjh721zz4dxb.pdf

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