EQS-News: SunMirror AG: Sampling Results Moolyella Field Campaign Feb 2022

EQS-News: SunMirror AG / Key word(s): Study results
SunMirror AG: Sampling Results Moolyella Field Campaign Feb 2022

03.02.2022 / 10:45
The issuer is solely responsible for the content of this announcement.

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Sampling results from filed campaign at SunMirror’s Moolyella Lithium
Project confirm potential for both Lithium and Tin

SunMirror AG is pleased to announce rock sample results of the field
campaign Arnel Mendoza (Principal Geologist of Geonomik Pty Ltd) and Essam
Wahdan (Geological Consultant) performed at SunMirror’s Moolyella Lithium
Project in July 2021.

A total of twenty-eight rock samples were collected from the property and
analysed for 23 elements, including lithium (Li), tin (Sn), tantalum (Ta),
cesium (Cs), beryllium (Be), and rubidium (Rb). Industry best practices
were followed during the collection and dispatch of the samples. Standards
and blanks were not employed during sampling. All material was assayed at
NAGROM analytical laboratory based in Kelmscott, Western Australia. A
summary of the assay results is shown in the table below:

Summary statistics of select elements from rock samples

 

  Li (ppm) Li2O (%) Sn (ppm) Ta (ppm) Cs (ppm) Be (ppm) Rb (ppm)
Min 10 0.00 2 1 4 2 95
Max 6190 1.33 629 109 240 189 8044
Average 566 0.13 137 28 46 45 1246
SD 1264 0.28 176 28 57 58 1504

 

 

The highest lithium, tin, cesium, and rubidium concentrations were
recorded from one spodumene- bearing pegmatite from an area in the licence
called Pegmatite Gully (1.33% Li[2]O), and the second highest sample was
0.67% Li[2]O from an area called Eluvial Gully. Each of the other target
areas sampled contained material with lithium concentrations greater than
0.1% Li[2]O, with spodumene only identified in samples from Pegmatite
Gully and Eluvial Gully.

Tin Potential

The Moolyella site has a rich tin history. Alluvial cassiterite (SnO[2])
was first identified in the Moolyella area in 1898 during exploration for
alluvial and bedrock gold. Mining took place from 1898 until 1986 in the
ore field, with a few brief hiatuses, and it is estimated that nearly
8,000 tonnes of tin concentrate was recovered. The tin grades at
Moolyella, 2.40 kg/m^3, represent some of the highest alluvial tin grades
in the World. Approximately 141 tonnes of tantalite ((Fe,Mn)Ta2O6) ore and
concentrates were also recovered in these operations, confirming the
presence of tantalum in the area. Mining and exploration focused
exclusively on tin.

The source of the tin mineralization is the Moolyella Monzogranite (2830
Ma), which has intruded older Archean orthogneisses of the Fig Tree Gneiss
Group (3490-3460 Ma) and the Johansen Monzogranite (3131-3307 Ma). The Fig
Tree Gneiss and the Johansen Monzogranite comprise the Mount Edgar
Batholith, which is a gneiss-granitoid complex surrounded by
contemporaneous greenstone belts. The highly evolved (fractionated)
Moolyella Monzogranite formed aplite dykes, greisen, and pegmatite sheets,
all of which contain elevated concentrations of incompatible elements such
as tin (Sn), tantalum (Ta), niobium (Nb), tungsten (W), and lithium (Li).
Weathering of low-angle pegmatite sheets (varying in thickness from a few
centimetres to 3 m) and greisen zones at the edge of the monzogranite
resulted in the formation of the Sn placer deposits.

In summary, the Moolyella licence area is considered highly prospective
for presence of additional lithium-bearing pegmatites. As next step, a
two-stage, contingent, work program is recommended for

the property. Remote sensing structural/alteration study, geological
mapping, mineralogical studies, lithogeochemical sampling, airborne
geophysical (magnetic, radiometric) surveying, and limited auger drilling
are proposed for Phase One. RC drilling, to follow in Phase two.

Dr Heinz Kubli, SunMirror’s CEO; “In summary, the Moolyella licence is
considered being highly prospective for presence of additional
lithium-bearing pegmatites. We plan to commence the follow- up work
program as recommended by our experts. Both Lithium and Tin are strategic
minerals in great demand and expected to profit from the growth of
electrification of transport and the growing use of renewable energy.”

The Moolyella Lithium Project consists of one exploration licence covering
an area of approximately 93 km^2 and is located in East Pilbara Shire,
Pilbara Region, Western Australia. The licence is owned by Lithium 1 Pty
Ltd, which is a wholly owned subsidiary of SunMirror AG.

SunMirror AG has not yet carried out any drilling at Moolyella. As such
the project does not yet have an established mineral resource according to
JORC (The Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves).

***

About SunMirror AG
The Group invests into strategic mineral exploration assets with a focus
on sustainable green battery metals, like cobalt, lithium and nickel, as
well as iron ore and gold deposits in developed markets. The company aims
to either produce minerals at a later stage or sell those assets to
strategic buyers. SunMirror is differentiated by taking a “mine-to-market”
approach to sustainability across the value chain, creating a mining
industry “best practice.”

The company’s shares (ISIN CH0396131929) are listed on the Vienna Stock
Exchange (official market, ticker: ROR1) and are traded on the regulated
unofficial markets Frankfurt, Düsseldorf and Berlin (ticker: ROR) as well
as on tradegate and Xetra. For further information, please visit:
[1]www.sunmirror.com.

 

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03.02.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: SunMirror AG
Steinhauserstrasse 74
6300 Zug
Switzerland
E-mail: info@sunmirror.ch
Internet: https://www.sunmirror.ch
ISIN: CH0396131929
WKN: A2JCKK
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Tradegate Exchange; Vienna Stock Exchange (Official Market)
EQS News ID: 1276352

 
End of News EQS News Service

1276352  03.02.2022 

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