Neil Herbert of Atlantic Lithium: Drilling programme increased by 43%
Episode 1701, Nov 08, 2023, 07:15 AM
Neil Herbert, Executive Chairman of Atlantic Lithium #ALL explains how their drilling programme has increased by 43% with the addition of 8,000m of extensional resource drilling, from 18,500m to a total of 26,500m, targeted for completion in Q2 2024, of which 16,164m has been reported to date.
Highlights:
- Ongoing drilling programme increased by 43% with the addition of 8,000m of extensional resource drilling targeting resource growth following the grant of the Mining Lease for the Project.
o Planned 18,500m programme increased to a total of 26,500m targeted for completion in Q2 2024, of which 16,164m has been reported to date, including the results reported herewith.
- Further assay results received for 2,362m of resource and metallurgical reverse circulation ("RC") and diamond core ("DD") drilling completed at Ewoyaa as part of the broader 2023 planned drilling programme.
- High-grade infill and extensional drill intersections reported at the Ewoyaa Main, Anokyi and Ewoyaa South-2 deposits designed to provide metallurgical drill core whilst infilling the resource and extend mineralisation.
o Reported assay results extend mineralisation at the Ewoyaa Main deposit, outside of the current 35.3Mt @ 1.25% Li2O Ewoyaa Mineral Resource Estimate1 ("MRE" or the "Resource") in hole GDD0093.
o Shallow high-grade infill drill intersections at Ewoyaa Main, Anokyi and Ewoyaa South-2 reported as downhole intercepts, with estimated true widths included in the intersections table, including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilution of:
o GDD0105: 47.6m at 1.25% Li2O from 65.7m
o GDD0107C: 53m at 0.93% Li2O from 30m
o GDD0109: 28.7m at 1.51% Li2O from 79.3m
o GDD0104: 28.2m at 1.23% Li2O from 81.2m
o GDD0106: 22.4m at 1.07% Li2O from 34m
o GDD0110: 14m at 1.46% Li2O from 33m
Highlights:
- Ongoing drilling programme increased by 43% with the addition of 8,000m of extensional resource drilling targeting resource growth following the grant of the Mining Lease for the Project.
o Planned 18,500m programme increased to a total of 26,500m targeted for completion in Q2 2024, of which 16,164m has been reported to date, including the results reported herewith.
- Further assay results received for 2,362m of resource and metallurgical reverse circulation ("RC") and diamond core ("DD") drilling completed at Ewoyaa as part of the broader 2023 planned drilling programme.
- High-grade infill and extensional drill intersections reported at the Ewoyaa Main, Anokyi and Ewoyaa South-2 deposits designed to provide metallurgical drill core whilst infilling the resource and extend mineralisation.
o Reported assay results extend mineralisation at the Ewoyaa Main deposit, outside of the current 35.3Mt @ 1.25% Li2O Ewoyaa Mineral Resource Estimate1 ("MRE" or the "Resource") in hole GDD0093.
o Shallow high-grade infill drill intersections at Ewoyaa Main, Anokyi and Ewoyaa South-2 reported as downhole intercepts, with estimated true widths included in the intersections table, including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilution of:
o GDD0105: 47.6m at 1.25% Li2O from 65.7m
o GDD0107C: 53m at 0.93% Li2O from 30m
o GDD0109: 28.7m at 1.51% Li2O from 79.3m
o GDD0104: 28.2m at 1.23% Li2O from 81.2m
o GDD0106: 22.4m at 1.07% Li2O from 34m
o GDD0110: 14m at 1.46% Li2O from 33m