This is the first set of assays released from the Company's current 6,100m (20,000 ft) programme, which is 65% complete. So far, assays have been received from only 14 holes totalling 993m, with grades of up to 0.83% Li2O over 6.35m and 1.03% Li2O over 3.05m identified.
Summary: Preliminary core drilling was conducted at Midnight Owl, Bolt, and Lone Giant in the northern part of San Domingo, amounting to 1,877m in 22 shallow core holes
This programme is follow-up core drilling to Midnight Owl's previous programme that encountered 31.85m @ 1.60% Li2O in hole SD-DH22-024 at a depth of 26.82m
Drill hole SD-DH23-049 at the Midnight Owl target discovered a new zone deeper than found in hole 24: 6.35m containing 0.83% Li2O at 87.33m depth 3.05m of 1.03% Li2O at 98.60m depth
Results from Midnight Owl also revealed tin and tantalum coinciding with pegmatites and lithium mineralisation
Drill holes at the new Bolt target, located 800m east of Midnight Owl include: 5.27m at 0.51% Li2O within a broader interval of 24.65m carrying 0.24% Li2O 5.87m containing 0.5% Li2O contained within 11.8m of 0.32% Li2O
Core holes at Bolt have detected anomalous levels of tantalum with intervals coincident to the lithium intercepts
'The elevated Ta and Sn levels show encouragingly strong comparisons to LCT-type systems, evidence of our robust lithium pegmatite district. Importantly, both Midnight Owl and Bolt targets continue to provide opportunities to expand on the lithium mineralisation, with the goal of defining near surface resources.'
The new Bolt target at San Domingo was found through soil sampling and surface mapping. It is important to note that the drill hole geochemical signatures correspond to LCT (lithium-caesium-tantalum) type found in
Diamond core drilling continues at the Morning Star target with five holes recently completed and several more planned. Both Jumbo and
Contact:
Tel: +44 (0) 1624 639 396
About
Forward-Looking Statements
Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'intends to', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, following: The Company's objectives, goals, or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; delays in obtaining or failures to obtain required regulatory, governmental, environmental or other project approvals; political risks; future operating and capital costs, timelines, permit timelines, the market and future price of and demand for lithium, and the ongoing ability to work cooperatively with stakeholders, including the local levels of government; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices; delays in the development of projects, capital and operating costs varying significantly from estimates; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDARplus. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
(C) 2023 Electronic News Publishing, source