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September 07, 2022
Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to provide an update for its planned drilling program at the Medcalf Lithium Prospect.
Highlights
- Project-wide soil geochemistry and mapping programs completed ahead of drilling at the high priority Medcalf Lithium Prospect, near Lake Johnston, WA:
- Outcropping Medcalf pegmatite cluster at least 500m long within a 300m-wide corridor
- Rock-chip assays from Medcalf pegmatites range between 1.51% and 7.15% Li2O with the predominant lithium mineral being spodumene
- Medcalf is being prepared for drilling during the December 2022 quarter:
- Charger’s geologists on site last week to peg drill holes
- Spring flora survey in progress ahead of finalising DMIRS Program of Works application
- Heritage surveys planned for later this month
Charger’s Managing Director, David Crook, commented:
“Charger has scheduled its maiden drilling program at the Medcalf Lithium Prospect for the December quarter and our geological team is completing the prerequisites for the approval process.
“The Prospect hosts an extensive area of spodumene bearing pegmatite swarms that will be drilled
soon after the statutory approvals process is complete.”
The Medcalf prospect is a mineralized zone within the Lake Johnston Project which has attracted considerable interest due to its proximity to the large Mount Holland Lithium Project under development by Covalent Lithium Pty Ltd (manager of a joint venture between subsidiaries of Sociedad Química y Minera de Chile S.A. and Wesfarmers Limited) located approximately 70km west of the Lake Johnston Project.
Click here for the full ASX Release
This article includes content from Charger Metals, 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.
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