You might be interested in
Mining
Sticking to the Pilbara: These juniors are right now attached to world-class lithium and gold deposits
Mining
High Voltage: CATL mine shutdown speculation keeps lithium investors' glasses half-full
Mining
Mining
Special Report: GreenTech Metals is on the hunt for lithium pegmatites in maiden diamond drilling at the Osborne JV in WA with Artemis Resources (ASX:ARV), with the first hole completed to a depth of 810.2m.
The project sits to the east and adjoins the company’s Ruth Well nickel-copper project, and is next door to Azure Minerals’ (ASX:AZS) monster Andover lithium discovery.
Exploration work to date has confirmed lithium mineralisation at the Kobe prospect over a strike length of more than 7.5km and has highlighted the potential for a whole new mineralised trend, separate to Kobe, through recent high-grade rock chip samples.
These rock chip samples returned assay results of up to 3.63% Li2O on the so called ‘Southern LCT’ pegmatite zone, which comprises a total combined 4km of strike.
GreenTech Metals (ASX:GRE) has now completed the initial drill hole at the project to test down dip structural controls of the previously identified surface outcropping lithium pegmatites.
Initial observations from the first drill hole:
“We are pleased that our drilling program is on track and that preliminary drill core observations, coupled with the surface rock chip Li2O grades and the scale of the Kobe and Osborne zones, support our view that this is a large lithium mineralising event,” GRE executive director Thomas Reddicliffe said.
Detailed logging and sampling has commenced with samples to be submitted for analysis this week.
The company has commenced a second diamond drill hole in the Southern Pegmatite Zone designed to test a thicker part of the Wally trend approximately 350m east of the maiden drill hole.
GRE also aims to complete two stratigraphic diamond drill holes on the Kobe Zone as part of this maiden program.
A follow-up RC drill program is anticipated to commence in the first quarter of 2024.
“We are continuing with the current exploratory drill hole program along with the testing of mineralised zones when intersected which we expect to be completed this year,” Reddicliffe said.
“The commencement of a targeted and more detailed program of drilling within the broader Osborne and Kobe zones will be in the new year following the receipt and analysis of results from this current program.”
This article was developed in collaboration with GreenTech 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.