Charger Metals is like a bull at a gate ahead of its maiden lithium drilling at Bynoe
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Charger is getting all of its ducks in a row for the upcoming maiden drilling at its Bynoe lithium project in the Northern Territory with award of the drill contract.
The company has handed Geodrilling Pty Ltd the contract for 2,000m of reverse circulation drilling as a first pass test of high priority targets such as the Old Bucks and Megabucks prospects.
Drilling will also test the Enterprise prospect, which is located along strike from Core Lithium’s Blackbeard prospect where drilling had returned significant intercepts such as 41m grading 1.63% Li2O from 137m, 59m at 1.54% Li2O from 158m and 71m at 1.05% Li2O from 101m.
Charger Metals (ASX:CHR) noted that all three target prospects have high prospectivity for significant pegmatite-hosted lithium mineralisation.
“The first pass programme will drill test priority targets including Old Bucks, Megabucks and Enterprise, where surface geochemical anomalies, historic workings and nearby drill-holes all suggest a high potential for these prospects to host significant lithium mineralisation,” managing director Aidan Platel said.
“We have all our required permits in place, and contracting a local drilling company in Geodrilling completed the final critical item.
“As the region’s “wet season” draws to a close we look forward to building momentum as we commence our maiden drill programme in the coming weeks.”
Charger has a 70% interest in the Bynoe lithium project, which is enclosed by Core’s producing Finniss Lithium Project within the Litchfield Pegmatite Field near Darwin.
The Old Bucks prospect comprises a strong lithium anomaly at surface that extends over 800m in strike and up to 500m wide, with pegmatites visible in historical artisanal tin workings.
Megabucks is also a lithium-in-soils anomaly up to 800m long, with a significant pegmatite up to 70m thick defined by historical deep trenching across the strike.
Earthworks will begin shortly with drilling scheduled to start in the second week of May.
This article was developed in collaboration with Charger Metals, 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.