Future Battery Minerals Delivers Large-Scale Nevada Strike Extension
THE DRILL SERGEANT: Future Battery Minerals (ASX: FBM) received assay results from RC drilling carried out at the company’s 80 per cent-owned Nevada lithium project (NLP) in Nevada, U.S.
Future Battery Minerals completed the RC drilling as part of a Phase 3 Mineral Resource drilling program at the Nevada lithium project.
The RC component of Phase 3 Mineral Resource drilling comprised six holes designed to test a potential southern strike extension of the shallow Lone Mountain deposit.
Drilling also tested for higher-grade zones (+1,000 ppm Li) within the shallow claystone.
Assays returned for these holes included:
LM-001
128 metres at 770 ppm lithium from 37m, including 23m at 1,106 ppm lithium from 131m;
LM-002
98m at 478 ppm lithium from 35m, including 14m at 1,010 ppm lithium from 105m;
LM-003
88m at 553 ppm lithium from 44m, including 9m at 1,000 ppm lithium from 102m; and
LM-004
130m at 706 ppm lithium from 35m, including 37m at 1,001 ppm lithium from 117m.
“Our Phase 3 drill program at the NLP has been a huge success,” Future Battery Metals managing director and CEO Nick Rathjen said in the company’s ASX announcement.
“The RC assay results released today demonstrate an approximate 130 per cent extension of the known strike of the Lone Mountain mineralisation, which now sits at over three kilometres (north-south).
“When coupled with the results from the diamond drilling component of Phase 3, which significantly extended the depth of the high-grade mineralisation (and which remains open at depth), it is evident as to why we are so pleased with the outcomes from this phase of drilling.
“All Phase 3 assay results are now with our geological partner in Nevada, Stantec Consulting, which is on track to deliver the targeted maiden Mineral Resource Estimate declaration for the NLP this month.
“We look forward to reaching this milestone and demonstrating the scale and opportunity that exists at the NLP, particularly given the broader regional context in which it is located.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE