Transcript:
Robin Cox:
At the Company’s Nevada Lithium Project, phase two drilling assay results have delivered outstanding lithium clay stone intercepts at the Lone Mountain Prospect.
Two holes have delivered over 170m of lithium bearing clay stone grading at over 750ppm lithium.
Significantly, this has been identified at depths as shallow as 39m and the geological team sees evidence of this shallowing further to the south.
The thick intercepts also host high grade mineralisation at over 1000ppm at shallower depths.
Work to date has identified the enormous scale of lithium mineralisation with an east to west strike of 3km and a north to south strike of 1.3km.
Significantly, the strike of mineralisation remains open to the south for a further 2km.
The mineralisation is hosted within the same geological unit as the neighbouring TLC lithium deposit held by American Lithium.
Provided the recent results, the company will now move towards the Phase three drilling
program consisting of both RC and Diamond Core Drilling, due to commence in September.
Drilling will further test the Lone Mountain Prospect with the aim of delivering a Maiden Mineral Resource Estimate by the end of quarter one 2024.
Drilling will also systematically test the remaining prospects in Nevada.
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