THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported lithium assays from a recently completed RC drilling program at the company’s wholly owned Marble Bar lithium project (MBLP), located southeast of Port Hedland, in the Pilbara region of Western Australia.
Results include the widest mineralised interval intersected to date that was drilled outside the current Archer mineral resource envelope including:
28 metres at 1.51 per cent lithium oxide (Li2O) and 46ppm tantalum pentoxide (Ta2O5) from 69m (down hole length, true width not known); and
9m at 1.11 per cent Li2O and 42ppm Ta2O5 from 108m (down hole length, true width not known).
“Our maiden RC drilling program as a listed company has delivered some excellent results, providing us with a fantastic foundation to build on as we progress into our next phase exploration programs, which planning for is already well underway,” Global Lithium managing director Jamie Wright said in the company’s ASX announcement.
“Our strategy of stepping out from Archer to test the broader area has given us confidence that mineralisation at the MBLP continues to extend beyond Archer and has now been traced for over six kilometres in a north-to-south strike direction, and remains open, including to the east and potentially into our newly acquired tenements.
“It is an exciting time for the company to be discovering new lithium prospects and expanding its landholding within a global economy that is seeing lithium supply shortages as car manufacturers ramp up production of electric vehicles.
“We have commenced targeting, planning and approvals processes for our proposed CY4Q RC drilling campaign.”
A total of 34 RC holes were drilled at the MBLP on E45/4309, and two holes were drilled on E45/4361 to test gold targets in the north.
Assays have now been received for all lithium targeted holes on E45/4309, while the company awaits assay results for gold samples which are being processed at a laboratory in Perth.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE