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Arrow Minerals Ltd

Arrow Minerals hones in on new targets at Malinda

Two new surveys are planned at the project during the March quarter of 2019.

Malinda project location map
The Malinda Project is located in the Gascoyne region of Western Australia

Arrow Minerals Ltd (ASX:AMD) is compiling exploration collected from mid-2016 to identify new prospective targets at its Malinda Lithium-Tantalum- Project in Western Australia.

Using an array of exploration data, the company is now planning on completing a project-wide geophysical survey in the March quarter 2019.

The objective is to fingerprint the known mineralised intrusions and evaluate the remaining 580 square kilometres of the tenement package to identify additional mineralised pegmatite swarms for follow up geochemical sampling and mapping.

This program would consist of an airborne magnetic survey to better understand the structural controls on emplacement and overprint and a detailed hyperspectral survey.

2017 drilling confirmed mineralised outcropping pegmatites

Arrow commenced exploration in mid-2016 and followed up pre-drilling sampling work programs with a maiden reverse circulation (RC) drill program in September 2017.

Drilling intersected up to 2.0% lithium and over 800 ppm tantalum.

Since then, Arrow has carried out a drone survey, and additional rock chip sampling indicating a niobium-tantalum mineralised intrusion.

READ: Arrow Minerals’ managing director buys shares on-market

Recently, the company’s managing director Steven Michael acquired 350,000 shares in the company via on-market trades.

Notably, this was Michael’s second purchase of company shares recently as he bought 500,000 shares on-market in mid-October.

Quick facts: Arrow Minerals Ltd

Price: $0.01

Market: ASX
Market Cap: $5.2 m
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