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GB Energy Ltd completes sampling program at Lake Gregory

Published: 12:30 11 Nov 2016 AEDT

south-australia---757
GB Energy Ltd completes sampling program at Lake Gregory

Highly saline water was recovered from five of the nine pits using a peristaltic pump.

Assay results for both sediments and water samples have been received, with no anomalous results for targeted elements.

Lake Gregory was targeted following review of a Geoscience Australia analysis, which identified the potential of Lake Gregory to host lithium brines, potash and uranium mineralisation.

It is worth noting that lithium brines occur where ground waters percolate through lithium-bearing source rocks in a closed basin.

Importantly, Lake Gregory is fed by a catchment containing rocks with unusually high levels of uranium and lithium.

The company will now conduct a review of its Lake Gregory tenement position in the context of the recent results.

In September, GB Energy expanded its Northern Territory portfolio with tenement applications targeting nickel-copper-platinum group elements (PGE) and uranium.

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