THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) is beginning to think its Twin Veins gold project could end up being a stand-alone gold exploration project.
Since listing earlier this year, Global Lithium Resources has become known for the company’s Marble Bar lithium project (MBLP) near Port Hedland in Western Australia.
Recent exploration activities at the MBLP have entailed a RC drilling program on the Twin Veins project, returning assays of:
7 metres at 4.78 grams per tonne gold from 11m;
7m at 1.2g/t gold from 27m; and
4m at 1.08g/t gold from 5m.
Global Lithium believes the results highlight the gold potential of the broader Marble Bar lithium project, which has historically been underexplored for gold.
The company has identified at least nine gold prospects for follow up exploration.
“These latest high-grade, shallow gold results highlight the potential of our Twin Veins project and demonstrates that the gold potential at this exciting project could indeed be a stand-alone project,” Global Lithium managing director Jamie Wright said in the company’s ASX announcement.
“While the company is focused on lithium exploration at the MBLP, there is no denying the gold potential that exists within our tenement package.
“Global Lithium has already identified nine gold prospects in the northern portion of its strategic tenement portfolio and has had immediate success on its first target, which is a testament to the capability of the technical team.
“We look forward to continuing our gold exploration programs in tandem with our lithium programs to see what further developments we yield.”
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