
July 30, 2023
Balkan Mining and Minerals Ltd (“BMM” or “the Company”) (ASX: BMM) provides the Company’s quarterly activities report for three months ending 30 June 2023 (“Quarter”).
Lithium portfolio continues to expand in Canada, consists of ~22km2 in the emerging lithium district of James Bay in Quebec and ~120km2 of highly prospective ground in Ontario. Key strategic and operational milestones were achieved during the period, outlined below.
HIGHLIGHTS
- Assay results from stepped out systematic Gorge project soil sampling program return strong anomalous Li, Cs, and Ta results identifying ~2.6 km of trend strike prospective for lithium bearing pegmatites.
- In total, 651 soil samples taken across the enlarged area of 5 km2 returning a positive correlation for Li, Cs and Ta and a negative correlation for ratios K/Rb and K/Cs indicating a fertile LCT pegmatite environment.
- Soil sampling data has been integrated with previous exploration results (including rock chip and pegmatite channelling programs) confirming targets for drill testing.
- Tango channel samples confirmed the presence of lithium mineralisation across the pegmatite exposure with the highest value up to 3.4% Li2O, averaging 1.49 % Li2O.
Canadian Projects (Ontario and Quebec)
Following the diversification strategy, BMM continued to increase its interest in prospective projects in Canada, completing the acquisition of a new prospect in Ontario, the Barbara Lake Project, adding a further ~42km2 to the Company’s Canadian project portfolio, increasing the Company’s Ontario portfolio footprint to approximately 120km2, as depicted below.
During the Quarter, the Company continued its analysis of data collected on its expanded Canadian project portfolio. With the start of the spring field season, the Company accelerated its field work programs on high priority targets identified at the Gorge and Tango projects and to initiate preliminary exploratory works on Arrel, Barbara and Corvette North and Northwest Projects.
Click here for the full ASX Release
This article includes content from Balkan Mining and Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
BMM:AU
INN Article Notification
The Conversation (0)
05 September 2021
Bayan Mining and Minerals
Mining Critical Minerals from the Balkan Region
Mining Critical Minerals from the Balkan Region Keep Reading...
19 January 2025
Further Exploration Targets Identified at Bayan Springs
Bayan Mining and Minerals (BMM:AU) has announced Further Exploration Targets Identified at Bayan SpringsDownload the PDF here. Keep Reading...
31 October 2024
Quarterly Activities/Appendix 5B Cash Flow Report
Balkan Mining and Minerals (BMM:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
9h
POSCO Finalizes US$765 Million Deal for Stake in MinRes' Lithium Mines
South Korean steel and battery materials conglomerate POSCO Holdings (NYSE:PKX,KRX:005490) has finalized a US$765 million agreement with Perth-based Mineral Resources (ASX:MIN,OTCPL:MALRF) to acquire a 30 percent stake in two of Australia’s premier hard-rock lithium mines.Under the finalized... Keep Reading...
25 April
Top 5 Canadian Mining Stocks This Week: Arctic Fox Lithium Jumps 66 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released March consumer price index data on Monday (April 20). The data shows a... Keep Reading...
23 April
Top 5 Australian Mining Stocks This Week: Solis Minerals Charges on Brazil Lithium Acquisition
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.This week’s list highlights companies across a range of commodities, including lithium, phosphate and gold. The top gainer made a... Keep Reading...
23 April
Bridging AI, Energy Storage and Aging Infrastructure
As global energy grids struggle to keep pace with rising demand from data centers and renewable integration, energy optimization firm GridBeyond is positioning software and artificial intelligence (AI) as a key part of the solution.The company develops platforms designed to orchestrate... Keep Reading...
22 April
9 Best-performing Global Lithium Stocks of 2026
Lithium prices have staged a dramatic comeback following a prolonged price slump between early 2023 and late 2025, providing support for global lithium stocks in 2026. Spot battery-grade lithium carbonate surged roughly 95 percent between early December and late January, climbing from about... Keep Reading...
21 April
Lithium Enters “Cycle 3.0” as Demand Drivers Shift
After a prolonged downturn, the lithium market is showing renewed signs of life, with some sector analysts now calling for the start of a new up-cycle.Speaking on The Investing News Podcast, Gerardo Del Real, co-founder of Digest Publishing and editor of Daily Profit Cycle, characterized the... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Prospectus
2h
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







