Neometals Points to Positive Results From Expansion Drilling at Mt Marion

Neometals (ASX:NMT) pointed to positive drill results released by Mineral Resources (ASX:MIN) for infill and expansion drill program at the Mt Marion lithium project on September 29.
As quoted in the press release:

During the December Quarter, 46 RC holes were drilled at the No.6 Deposit, for a total of 2,324 metres and 9 (83mm‐PQ) Diamond holes were drilled for a total of 693.2 metres on Deposits 1,2 and 2West.
The first phase of the resource infill and extension project is targeted at extending the size and increasing the classification of the existing resources at Deposits 1,2,2West and 6, and newly acquired lithium, rights on part of Hampton Location 53 (see plan below).  Mt Marion’s current   total Indicated and Inferred Mineral Resources are 23.24Mt at 1.39% Li2O and 1.43% Fe2O3, at a cut‐off grade of 0% Li2O (Appendix A).
A 30‐hole diamond drilling program for metallurgical and geotechnical purposes has been completed in January and the RC drill program continues with completion expected around the end of the March.   New mineral resource and ore reserve estimates are planned for completion in the June and September Quarters respectively.

Click here for the full press release.