Marindi Metals commences lithium-focused drilling

THE DRILL SERGEANT: Marindi Metals (ASX: MZN) is set to commence an expanded exploration drilling program at the Gem Pegmatite Mining Lease, located within the company’s Forrestania lithium project in Western Australia.

Marindi Metals said the drilling had previously been scheduled to start in January, but inclement weather, including unseasonal heavy rainfall, prevented mobilisation of the drill rig to site.

The program will comprise approximately 2000m of reverse circulation (RC) drilling, and is being carried out to follow up an earlier high-grade intersection of 33 metres at 3.2 per cent lithium dioxide (Li2O), including 13m at 4 per cent encountered at the Gem target in December 2016.

Marindi claim this to be among the highest-grade lithium intersections ever reported in WA.

The company is undertaking the current drilling program to test the most prospective northern portion of the Gem mining lease, where difficult ground conditions prevented drill access during the December program.

The drilling is anticipated to take around two weeks to complete with assay results expected in March.

Marindi has also applied for another Program of Work (POW), which it anticipates to be granted by mid-February, which will allow for an expanded program of pattern drilling.

“We are very excited to be back drilling at Forrestania, where we have already confirmed the presence of high grade lithium mineralisation in an area hosting multiple targets in the heart of a rapidly emerging world-class lithium province,” Marindi Metals managing director Joe Treacy said in the company’s announcement to the Australian Securities Exchange.

“We look forward to reporting on the outcome of the program results once we have received all assay results.”

Email: info@marindi.com.au

Website: www.marindi.com.au