Rekovac Lithium / Borate Project
Rekovac Lithium Project
The 100% owned Rekovac Lithium Project in covers three exploration licences in Serbia (~258km2), an emerging Tier 1 Lithium jurisdiction . The Rekovac license exhibits a very similar geological setting to the Jadar Basin, which is host to Rio Tinto’s world-class Jadarite discovery = one of the world’s largest lithium deposits (Resource of
135.7 Mt @ 1.86% Li2O and 15.4% B2O3 now in PFS) 1 .
On 11 February 2020, Jadar Resources announced that the Company had commenced drilling at the Rekovac Lithium Project, with the diamond drilling program designed to test a gravity low in the northern portion, and will comprise of two planned holes, each between 500 to 600 meters, targeting the permissive Lower Miocene strata.
- Diamond drill program currently underway for two holes, each between 500 to 600 metres, at the Rekovac Project in Central Serbia, targeting the permissive Lower Miocene Strata.
- Project composed of Miocene fine pelitic sediments which are very similar setting to Jadar Basin, with potential to contain lithium – borates mineralisation.
- Two phases of soil and rock chips sampling have defined a target area in southern and central part of permit.
- Strong correlation between lithium and boron in soil and rock chips samples.
- Elevated lithium and boron values in rock chips samples up to 280ppm Li values up to 322ppm B2O3.
Sampling data over Geology base
Gravity Data and Indirect Evidence of Mineralisation
- Gravity survey identified elongated north south trending sedimentary basin containing over 600m permissive lacustrine sediments.
- Identified presences of spherical analcime an evaporate mineral indicative of saline-alkaline environment.
- The exposed sediments meet all of the targeting requirements including age, lithology, structure, surface geochemistry, indirect evidence of mineralization in the form of evaporate minerals and their pseudomorphs.
- Ongoing activities – drilling testing of gravity lows in northern and central part of Rekovac basin with aim to identify direct evidence of mineralization, further ground apply for– strategically secure entire basin.