Neil Herbert of Atlantic Lithium: Infill drilling assay results includes some significant widths and grades from relatively shallow depths
Episode 1493, Jun 21, 2023, 02:10 PM
Neil Herbert, Executive Chairman of Atlantic Lithium #ALL discusses the initial assay results received for 2,208m of infill reverse circulation drilling completed at Ewoyaa, which is part of the broader 18,500m 2023 planned drilling programme and says they include some significant apparent widths and grades from relatively shallow depths.
HIGHLIGHTS
· Initial assay results received for 2,208m of infill reverse circulation ("RC") drilling completed at Ewoyaa as part of the broader 18,500m 2023 planned drilling programme.
· Newly reported assay results confirm mineralisation continuity within the Ewoyaa South-2 deposit, part of the 35.3Mt @ 1.25% Li2O Ewoyaa JORC (2012) Compliant Mineral Resource Estimate1 ("MRE" or the "Resource").
· Drilling designed to convert Inferred resources to higher confidence Indicated resources at the Ewoyaa South-2 deposit for future mine sequencing optionality.
· Multiple high-grade drill intersections reported as downhole intercepts, with true widths estimated in the intersections table, including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilution of:
o GRC0892: 57m at 1.17% Li2O from 45m
o GRC0899: 54m at 1.14% Li2O from 3m
o GRC0900: 41m at 1.16% Li2O from 73m
o GRC0909A: 33m at 1.12% Li2O from 78m
o GRC0896: 18m at 1.16% Li2O from 80m
o GRC0908: 19m at 0.93% Li2O from 47m
o GRC0906: 11m at 1.5% Li2O from 38m
o GRC0906: 17m at 0.91% Li2O from 54m
o GRC0908: 10m at 1.53% Li2O from 33m
· Drilling and regional exploration programmes ongoing (refer announcements of 19 April 2023 and 20 March 2023).
· Definitive Feasibility Study remains on track for release end Q2 2023.
· Awaiting approval of Mankessim licence consolidation ahead of resubmission of Mining Lease application for the Project.
To read the full RNS click here
HIGHLIGHTS
· Initial assay results received for 2,208m of infill reverse circulation ("RC") drilling completed at Ewoyaa as part of the broader 18,500m 2023 planned drilling programme.
· Newly reported assay results confirm mineralisation continuity within the Ewoyaa South-2 deposit, part of the 35.3Mt @ 1.25% Li2O Ewoyaa JORC (2012) Compliant Mineral Resource Estimate1 ("MRE" or the "Resource").
· Drilling designed to convert Inferred resources to higher confidence Indicated resources at the Ewoyaa South-2 deposit for future mine sequencing optionality.
· Multiple high-grade drill intersections reported as downhole intercepts, with true widths estimated in the intersections table, including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilution of:
o GRC0892: 57m at 1.17% Li2O from 45m
o GRC0899: 54m at 1.14% Li2O from 3m
o GRC0900: 41m at 1.16% Li2O from 73m
o GRC0909A: 33m at 1.12% Li2O from 78m
o GRC0896: 18m at 1.16% Li2O from 80m
o GRC0908: 19m at 0.93% Li2O from 47m
o GRC0906: 11m at 1.5% Li2O from 38m
o GRC0906: 17m at 0.91% Li2O from 54m
o GRC0908: 10m at 1.53% Li2O from 33m
· Drilling and regional exploration programmes ongoing (refer announcements of 19 April 2023 and 20 March 2023).
· Definitive Feasibility Study remains on track for release end Q2 2023.
· Awaiting approval of Mankessim licence consolidation ahead of resubmission of Mining Lease application for the Project.
To read the full RNS click here