The three projects are all located within the Eastern Alps – close to European Lithium’s Wolfsberg Project which holds a JORC resource of 12.9Mt at 1% lithium oxide.

Rock chip results have been received for sampling at various prospects across the satellite project areas to the south and southeast of Austria including Millstätter Seerücken, St. Radegund and Defereggen Valley.

Held 20% by European Lithium (ASX:EUR) and 80% by EV Resources (ASX:EVR), a total of 39 pegmatite samples were collected across the Austrian JV, where a maximum of 3.24 % Li2O and an average of 1.74 % Li2O were returned.

EUR’s JV partner EVR says these mineralised samples along with historical data underline the prospectivity for the Millstätter Seerücken project area – confirming the site as a high priority target.

This is where the company will focus future exploration endeavours.

Drilling to kick off later this year

EUR executive chairman Tony Sage says it is encouraging to see exceptional high-grade lithium on the JV projects and ground close to the Wolfsberg project.

“It provides further confidence to support our understanding of the prospectivity of the project area and region,” he says.

“The company looks forward to commencing further drilling at Wolfsberg within Zone 2, later this year as we continue to work collaboratively to develop the region and secure a local lithium supply chain for Europe.”

 

 

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This article was developed in collaboration with European Lithium (ASX:EUR), a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.