Assays from a recent RC drilling has uncovered “significant” lithium mineralisation in spodumene-bearing pegmatites at the Enterprise prospect, a short 900m along strike from Core Lithium’s Blackbeard prospect.

Charger Metals (ASX:CHR) says the results – including 7m at 0.96% Li20 from 107m, 5m at 1.13% Li20 from 108m, and 16m at 0.65% Li20 from 185m – confirm the spodumene discovery at Enterprise, one of many high priority targets within the wider Bynoe lithium project in the Northern Territory.

Assays were received for priority samples from drill-holes CBYRC023 and CBYRCX024, with a standout grade of 1.91% correlating with logged spodumene intersections in the RC drilling.

The Company has now commenced a 1,500m diamond drill program, and the very first hole, CBYD001, intersected a 19.25m thick zone of spodumene-bearing pegmatite from 210.10m.

CHR says the drill core from this hole will be logged, sampled, and sent off the laboratory for chemical analysis.

Two RC drill rigs arrive on site this week

“It is great to see the assay results confirm the spodumene discovery at the Enterprise Prospect,” CHR managing director Aidan Platel says.

“We look forward to testing the extent of this mineralisation with both RC and diamond drilling.

“In addition to the diamond drilling, two RC drill rigs will arrive on-site this week to commence a planned 5,000m drill programme to test both new and existing lithium targets at Bynoe, including the high priority 7Up prospect.”

Looking ahead

First-pass reconnaissance drilling wrapped up at the Enterprise prospect prior to this 1,500m program, with 10 RC holes drilled for 1,662m in addition to the 14 holes for 2,045m at the Megabucks and Old Bucks prospects.

A 5,000m program of RC drilling will kick off this week, with two drill rigs operating simultaneously to test along strike at Enterprise, Megabucks and Old Bucks, as well as first-pass drilling into other priority targets such as the 7Up prospect.




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.