Balkan Mining

Drilling Commences At The Gorge Lithium Project

Balkan Mining and Minerals Ltd (ASX: BMM; “BMM” or “the Company”) is pleased to announce the commencement of the Company’s phase 1 drill program at the Gorge Lithium Project located in Ontario, Canada (the "Gorge Lithium Project" or the "Project").


Highlights

  • Diamond drill program underway at Gorge Lithium Project
  • The Gorge drilling campaign has been designed to systematically test the vertical plunge extensions along prospective pegmatite strikes at the Koshman and Nelson occurrences
  • Clearing at the Nelson spodumene pegmatite occurrence has resulted in the identification of two additional pegmatite targets along strike extending over 200m - targets remain open along strike

The ongoing drilling program will be the first sub-surface testing for lithium mineralisation at the Gorge Lithium Project where previous channel sampling results confirmed high grade lithium mineralisation at the surface, including 1.8m @ 3.75% Li2O. (see ASX Announcement dated 16 December 2022).

Figure 1 – BMM´s General Manager of Exploration with drilling crew in front of drill hole NL-23-001

The 12-hole drill program has been designed to provide a better understanding of the lithium mineralisation in the shallow subsurface and to test the vertical plunge extensions along pegmatite strikes.

Figure 2 – Nelson Pegmatites detail geological map showing the location of drill hole NL-23-001

In parallel to clearing the access trail and setting up drill pads, the Company has been mechanically stripping at the Nelson spodumene pegmatite. Surface stripping has revealed two additional unmapped pegmatite targets located 25m southeast and 150m northwest from the Nelson discovery outcrop which demonstrates the rich endowment of pegmatites in this region and highlights the exploration potential of the Project. Detail mapping of newly discovered pegmatites is under way.


Click here for the full ASX Release

This article includes content from Balkan Mining, 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
Balkan Mining and Minerals

Balkan Mining and Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Balkan Mining and Minerals

Balkan Mining and Minerals

You've come to the right place to know Balkan Mining and Minerals. At INN our Mission is to arm you with knowledge and connect you with investing opportunities! Ready for the next step? Download the FREE Investor Kit TODAY to get the institutional investor details!

Keep reading...Show less
A battery on a blue background.

Lithium Supply Chain Conference to Bring Industry Leaders to Las Vegas

Fastmarkets' first Lithium Supply and Battery Raw Materials Conference was held in 2009 in Santiago, Chile, emerging amid the financial crisis and providing vital insights into the booming lithium market.

Now in its 16th year, the event has consistently attracted influential figures from the battery raw materials industry, offering excellent networking opportunities while maintaining a global perspective.

Held in cities such as Toronto, Buenos Aires, Shanghai, Montreal and Las Vegas, the conference has evolved to enhance the delegate experience, featuring visits to mines and lithium facilities, along with roundtable discussions, masterclasses, Q&As and other formats, allowing attendees to gain insights in various ways.

Keep reading...Show less
Astute Metals NL

Significant Lithium Discovery in Inaugural Drill Campaign at Red Mountain Project, USA

Assays from first three holes intersect high-grade lithium mineralisation

Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to advise that assays results from the first three holes of the maiden RC drilling campaign at its 100%-owned Red Mountain Lithium Project in Nevada, USA have returned high-grade mineralisation, indicating the potential discovery of a significant lithium deposit.

Keep reading...Show less
Lightning Minerals

Deal Completion on Acquisition of Bengal Mining and Brazilian Lithium Projects

Lightning Minerals(L1M or the Company) is pleased to announce completion of the acquisition of Bengal Mining (Bengal). Bengal holds, via its wholly owned subsidiary Tigre Mineracao Ltda (Tigre) option agreements over two lithium projects, Caraíbas and Sidrônio (the Projects). The Projects are located in Brazil’s prolific Lithium Valley district in the state of Minas Gerais in proximity to Latin Resources’ (ASX: LRS) Colina project1 hosting 70.9Mt @ 1.25% Li20 and Sigma Lithium’s (NASDAQ: SGML) Grota do Cirilo project2 hosting 108.9Mt @ 1.41% Li20.

Keep reading...Show less
QX Resources

Large Basin Confirmed in Drillholes with Multiple Brine Horizon Targets - Liberty Lithium Brine Project USA

QX Resources Limited (ASX: QXR, ‘QXR’) can confirm that the Liberty Lithium brine project in California, USA, is a large brine basin with numerous brine aquifers, shown in downhole sampling and geophysics in the second hole of the Company’s two-hole diamond drill program (Table 1).

Keep reading...Show less
Chariot Corporation

Wyoming Summer Exploration Programs

Chariot Corporation Limited (ASX:CC9) (“Chariot” or the “Company”) through a U.S. subsidiary will recommence exploration activities at its Black Mountain project and also engage in exploration activities at its six other lithium-caesium-tantalite (“LCT”) pegmatite projects in Wyoming during the 2024 North American summer season (“Summer Exploration”).

Keep reading...Show less
Recycling Key to Closing Supply/Demand Gap for EV Battery Materials

Recycling Key to Closing Supply/Demand Gap for EV Battery Materials

The global market share for electric car sales is expected to rise to 35 percent by 2030, up from less than 25 percent in previous forecasts, according to the International Energy Agency's 2023 Global EV Outlook Report.

However, the supply of electric battery materials can’t keep up with this exploding level of demand. Analysts say that EV production is pulling ahead of mine production for critical battery materials such as cobalt, manganese, lithium and nickel.

This is having a serious impact on prices. If the EV industry wants to overtake the internal combustion engine (ICE) sector, it will need to manage material prices by curbing supply imbalances. Advancement in battery recycling technology may be the answer.

Keep reading...Show less
Balkan Mining and Minerals

Balkan Mining and Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×