BMM Advances Gorge Lithium Project With Appointment Of Drilling Contractor

Balkan Mining and Minerals Ltd (ASX: BMM; “BMM” or “the Company”) is pleased to announce the appointment of Omababika Group Inc. as the Company’s drilling contractor ahead of its maiden program at the Gorge Lithium Project.

HIGHLIGHTS

• BMM appoints Ombabika Group Inc. to complete the Company’s inaugural drilling program at the Gorge Lithium Project in Ontario, Canada.
• Drill planning will incorporate data collated from mapping, sampling to test demonstrated high-grade mineralisation at surface.
• The program aims to build on previous exploration results including 1.8m at 3.75% Li2O from channel sampling and 6.8% Li2O from surface rock chip sampling.
• Drilling will initially focus on testing the high-grade identified dyke targets at Koshman and Nelson, and secondly test both extensions at depth and along strike.
• Following step-out drilling to test newly identified geochemical anomalies from soil sampling.

"The appointment of the Ombabika Group further strengthens our relationship with our earn-in partner and is an important step forward for BMM as we move ahead with our exploration efforts. The Ombabika Group are highly experienced and bring a wealth of local knowledge of the Gorge Project together with the wider Thunder Bay district having worked with Ultra Lithium on its Georgia Lake and Forgan Lake projects. Being armed with local experience and the data obtained from the Company’s mapping, channelling and soil sampling programs, we are well positioned as we move into final planning for our inaugural drilling campaign in Ontario.” – Ross Cotton, Managing Director

Project management will be completed by Pleson Geoscience, a professional consulting firm dedicated to exploring the Georgia Lake area since 2010. Based out of Nipigon, Ontario, Canada and having some 15 plus years operating experience in the local area, they bring a wealth of local knowledge and success having completed multiple drilling and resource development projects for lithium since 2010.

Final planning and mobilisation activities are now underway. The drill program is being designed to systematically test outcropping targets at Koshman and Nelson and their extensions at depth and along strike. Drilling will then be stepped out to test the presence of spodumene pegmatites at the depth across 2.6 km of identified prospective trend strike identified from the Company’s recent soil sampling program (refer to announcement dated 19 July 2023).

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