
June 27, 2022
First RC Assays Increases Confidence and Prospectivity at Depth as Diamond Drilling Commences at Manna
The Manna Lithium Project hosts a maiden Inferred Mineral Resource of 9.9Mt @ 1.14% Li2O (100% basis)1. After acquiring an 80% interest in Manna from Breaker Resources (ASX: BRB) in December 2021, GL1 engaged Snowden Optiro to undertake a Mineral Resource estimate using data compiled by Breaker Resources, including RC and DD results.
Highlights
- Significant intervals of lithium mineralisation intersected from early reverse circulation (RC) drilling at the Manna Lithium Project (Manna)
- The program validates previous drilling and resource information, further extending the orebody at depth which remains open (refer Figure 2.).
- Drilling intercepts across the same Pegmatite shows continuity with depth:
- MRC0028 returned 12m @ 0.75% Li2O from 41m
- inc. 4m @ 1.41% Li2O from 41m
- MRC0029 returned 11m @ 0.83% Li2O from 123m
- inc. 4m @ 1.29% Li2O from 126m
- and 1m @ 1.12% Li2O from 133m
- MRC0035 returned 15m @ 0.91% Li2O from 221m
- inc. 3m @ 1.39% Li2O from 221m
- and 2m @ 1.16% Li2O from 229m
- and 1m @ 1.02% Li2O from 234m
- Additional pegmatite intercepts showing continuity with depth:
- MRC0034 returned 13m @ 0.84% Li2O from 46m
- MRC0035 returned 6m @ 1.09% Li2O from 172m
- Manna East Pegmatite showing increasing width with depth:
- MRC0032 9m @ 1.29% Li2O from 110m
- Ongoing drilling will further target lithium mineralised pegmatites both along strike and at depth
- Experienced drilling contractor, Mt Magnet Drilling (Mt Magnet), commences diamond drilling (DD) program at Manna
- Initial 4,000m program will be GL1’s first DD campaign at Manna since acquisition of project in December 2021
- The diamond core drilling is specifically targeting the Pegmatites at depths below the RC drilling program currently underway
- MRC0028 returned 12m @ 0.75% Li2O from 41m
Growing multi-asset West Australian lithium company Global Lithium Resources Limited (ASX: GL1, “Global Lithium” or “the Company”) is pleased to announce the first lithium assay results from its initial RC drilling program at the Manna Lithium Project, located 100km east of Kalgoorlie.
Whilst they are early-stage results from this program, the assays provide GL1 with significant confidence in the Manna Lithium Project and confirm the findings from previous drilling undertaken by Breaker in 2018.
The assay results highlighted above are the first to be reported from the Company’s maiden 20,000m RC program at Manna, which commenced in May and is being undertaken by experienced contractor Profile Drilling Services.
Figure 1 – Showing the resource expansion drilling plan.
Figure 2 – Cross Section A-B showing the interpreted pegmatites projected against assay results along the drill trace line.
Diamond Drilling Commences at MannaIn addition, the Company is pleased to report that diamond drilling (DD) has commenced at the Manna Lithium Project on schedule. Earlier this year, experienced contractor Mt Magnet Drilling was appointed to undertake the DD program which will initially comprise 4,000m of drilling. Mt Magnet is a Western Australian-based drilling services company which specialises in DD mineral exploration drilling.
The DD program has been designed to test and expand the deposit at depth below the RC program. GL1 will progress the DD program in parallel with ongoing RC drilling program and intends to update shareholders with further results in Q3, 2022. A geotechnical logging program of the core will run in parallel with the metallurgical test program to enable the potential commencement of feasibility study work on the deposit.
The Company anticipates a Mineral Resource update at the Manna Lithium Project to follow the completion of the RC and DD programs along with additional metallurgical test work in Q4 2022.
Click here for the full ASX Release
This article includes content from Breaker Resources NL (ASX: BRB), 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.
BRB:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
29 June 2022
Breaker Resources
Transitioning From Explorer to Developer in Western Australia
Transitioning From Explorer to Developer in Western Australia Keep Reading...
21h
Top 5 Australian Mining Stocks This Week: Vertex Minerals Shines on Gold Mine Update
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.Companies focused on gold, copper and rare earths landed in the top five this week, with gold miner Vertex Minerals taking the top spot.Read on to discover this week's top gaining Australian... Keep Reading...
05 August
iMetal Resources Confirms Private Placement Is Fully Subscribed
iMetal Resources, Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") confirms that its previously announced non-brokered private placement (the "Offering") is now fully subscribed. The Offering consists of 30,000,000 Units (each, a "Unit"), at a price of $0.10 per... Keep Reading...
05 August
McFarlane Lake Announces Proposed Strategic Investment in iMetal Resources, Inc.
McFarlane Lake Mining Limited ("McFarlane" or the "Company") (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce that it has entered into a subscription agreement (the "Subscription Agreement") with iMetal Resources, Inc. (TSXV: IMR,OTC:IMRFF, OTC: IMRFF, FRA: A7VA) ("iMetal"), a... Keep Reading...
05 August
Gold Producers Offset Price Decline With Strong Q2 Output
Top gold producers have maintained stable balance sheets in Q2 despite gold prices dropping nearly 15 percent in the second quarter of 2026.Following an early April peak of US$4,840 per ounce, the yellow metal entered a steep decline. Bullion broke below the US$4,000 support level in late June,... Keep Reading...
03 August
Corazon Extends Footprint AcrossChalice Greenstone Belt
Corazon Mining Limited (ASX: CZN) (‘Corazon’ or ‘Company’) is pleased to announce it has entered into a binding Heads of Agreement (“Agreement”) with Dynamic Metals Limited (ASX: DYM) (“Dynamic Metals” or the “Vendor”) to secure tenure and gold rights immediately along strike from its recently... Keep Reading...
03 August
Broad High-Grade intercepts returned from Kingfisher, Hawk and Swan RC Drilling
Horizon Gold Limited (ASX: HRN) (‘Horizon’ or ‘the Company’) is pleased to announce numerous significant gold intercepts returned from RC drilling at its 100% owned Gum Creek Gold Project (‘Gum Creek’ or ‘the Project’) located in the Mid-West Region of Western Australia. Final assay results for... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







