Exceptional Manna Drilling Results Include 24m @ 1.03% Li2o

Exceptional Manna Drilling Results Include 24m @ 1.03% Li2o

SIGNIFICANT EXTENSION TO RESOURCE ALONG STRIKE AND DOWN DIP

Growing multi-asset West Australian lithium company Global Lithium Resources Limited (ASX: GL1, “Global Lithium” or “the Company”) is pleased to announce that the Reverse Circulation (RC) drilling program at the Manna Lithium Project has returned the largest single intercept of a Lithium Bearing Pegmatite in the project’s history.


Key Highlights

  • RC drilling assay results returned from Manna include the largest single interval to date
    • MRC0048 returned individual intercepts of:
      • 24m @ 1.03% Li2O from 159m
      • Including
        • 11m @ 1.37% Li2O from 164m
        • 6m @ 1.27% Li2O from 177m
  • Significant lithium intervals returned 220m North of existing resource outline include:
    • MRC0043 returned individual intercepts of:
      • 7m @ 1.60% Li2O from 39m
      • 3m @ 1.86% Li2O from 53m
      • 1m @ 2.25% Li2O from 90m
    • MRC0044 returned individual intercepts of:
      • 9m @ 1.32% Li2O from 101m
      • 10m @ 1.45% Li2O from 174m
    • MRC0046 returned individual intercepts of:
      • 7m @ 1.41% Li2O from 163m
      • 4m @ 1.54% Li2O from 213m
      • 6m @ 1.57% Li2O from 232m
  • Updated Manna Mineral Resource Estimate anticipated Q4 2022

In addition to this notable achievement, further significant lithium assay results were returned which extend the northern strike by 220m from the existing assay results.

Ongoing ground mapping of the north/eastern extension target area at Manna has identified large outcropping pegmatites 1,000m along strike from the current resource outline.

The RC drilling program is currently focused to drill out this extended area so that results can be included in the updated Mineral Resource Estimate (MRE), which the Company plans to release in Q4 2022.

An additional Program of Works (POW) has been submitted to the Mines Department to cover off the expanded exploration program.

The Manna Lithium Project hosts a maiden Inferred Mineral Resource of 9.9Mt @ 1.14% Li2O (100% basis)1. The Company anticipates releasing the update MRE following the completion of the drilling program as well as additional metallurgical test work in Q4 2022.

Global Lithium General Manager - Exploration, Stuart Peterson commented,

“The Manna project is continuing to impress with these exceptional results. The north/eastern extension of the deposit is proving to be very encouraging, and the RC drilling program has been targeted to drill this new area in time for inclusion in our updated MRE in Q4.

The diamond drilling program performed by Mt Magnet drilling has started night shift this week and is on target to finish the program in about 6 weeks. The core is currently being processed onsite and shipped to Perth ready for assay. The diamond drilling program has been designed to test the extension of the LCT pegmatites at depth as well as providing representative core for the upcoming metallurgical test work and feasibility studies.”


Click here for the full ASX Release

This article includes content from Global Lithium Resources Limited, 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.

GL1:AU
The Conversation (0)
Global Lithium Resources Limited

Strategic Acquisition Consolidates Large Scale Gold and Base Metal Target Area

Acquisition of Octava Minerals’ Talga Project and Exploration Update

Established multi-asset Western Australian lithium company, Global Lithium Resources Limited (ASX: GL1, Global Lithium or the Company) is pleased to announce the acquisition of seven strategic tenements adjacent to the Company’s Marble Bar Gold Project to complete coverage of a large gold in soil geochemistry anomaly that is spatially associated with a highly altered granite (Figure 1).

Keep reading...Show less
Breaker Resources NL

Quarterly Report: Ending 30 September 2022

Breaker Resources (ASX: BRB) is pleased to present its Quarterly Report.

Keep reading...Show less
Galan Lithium

Galan Lithium


Keep reading...Show less
Jindalee Lithium

Jindalee Lithium


Keep reading...Show less
Lithium batteries and wires with a lithium periodic symbol and rocks on a dark surface.

Green Technology Metals Boosts Market Position through Root Lithium Project

North America-focused Green Technology Metals (ASX:GT1,OTC Pink:GTMLF) has completed an updated preliminary economic assessment (PEA) for its Root lithium project in Ontario, Canada.

Green Technology Metals said that the PEA evaluated Root on a standalone basis, while the December 2023 PEA combined Root with the company's advanced Seymour lithium project. The new PEA took into consideration the recently updated Root Project MRE, revised pit optimisations and mine development options, and changed lithium market conditions.

“(The PEA confirms Root) as a technically and economically robust standalone operation,” Managing Director Cameron Henry said in an April 9 release. “With a longer mine life, reduced upfront capital requirements, and strong economics, Root is well-positioned to support GT1’s broader strategy of establishing a vertically integrated lithium supply chain in Ontario.”

Keep reading...Show less
CleanTech Lithium

CleanTech Lithium


Keep reading...Show less

Latest Press Releases

Related News

×