Balkan Mining and Minerals

Tango Lithium Project Update

Balkan Mining and Minerals Ltd (“BMM” or “the Company”) (ASX: BMM) is pleased to announce the discovery of a new pegmatite dyke field as part of the recently concluded field exploration program over the eastern portion of Tango Lithium Project located in the Georgia Lake Area, Thunder Bay North Mining District of Ontario, Canada.

HIGHLIGHTS

  • Initial mapping identifies a new pegmatite field at Tango Lithium Project.
  • In total 15 surface grab samples were collected and sent for analysis from various locations to confirm the presence of lithium-bearing minerals using multi-element analysis.
  • Commencement of airborne magnetic survey over the entire property.

The purpose of the program was to map the geology, identify new pegmatite dykes and complete geological sampling of exposed pegmatites for geochemical analyses. One hundred outcrops, ranging from 1-10m2 in size were discovered during fieldwork which resulted in the discovery of three new pegmatite dykes.

In total 15 surface grab samples were collected from various locations and submitted to ALS Minerals for geochemical analyses, results which are expected to be received in the coming weeks.

Pegmatites

Two types of pegmatites were mapped during the program and were classified using K-feldspar content and colour.

The first type of pegmatite observed within the Property is enriched in potassium feldspars, resulting in a general pinkish appearance. These pegmatites are typically composed predominantly of orthoclase, quartz, tourmaline, and minor amounts of muscovite.

The second type of pegmatite was much whiter in colour. The white colour and habit of the feldspars suggested they were albite, possibly of the cleavelandite variety.

There was significant variation in the pegmatite dyke composition between outcrops, which possibly is due to zonation within the systems.

Airborne Magnetic Survey

In conjunction with the received mapping results, the company has begun a close-spaced airborne magnetic survey over the entire project area with the aim to assist in identifying lithological contacts and structures. Although a geophysical survey will not identify pegmatite dykes, it will identify preferential structures and trends that would be targeted for ground trenching during the next field program.


Click here for the full ASX Release

This article includes content from Balkan Mining and Minerals, 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
The Conversation (0)

Bayan Mining and Minerals

Mining Critical Minerals from the Balkan Region

Mining Critical Minerals from the Balkan Region Keep Reading...
Further Exploration Targets Identified at Bayan Springs

Further Exploration Targets Identified at Bayan Springs

Bayan Mining and Minerals (BMM:AU) has announced Further Exploration Targets Identified at Bayan SpringsDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Balkan Mining and Minerals (BMM:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
A pixelated world map with a jagged red and orange wave pattern overlaying it on a blue background.

Global Scramble for Critical Minerals Fuels Diplomatic Frictions

The US is escalating its push to secure access to critical minerals through trade deals and diplomatic pressure as competition with China intensifies, but the strategy is increasingly meeting resistance from resource-rich countries seeking greater control over their reserves.The latest friction... Keep Reading...
A blue periodic table highlights Lithium with elements Hydrogen, Beryllium, Sodium, and Magnesium nearby; Text reads: Li.

Zijin to Start Congo Lithium Mine Production in June

Zijin Mining Group (HKEX:2899,SHA:601899,OTCPL:ZIJMF) plans to start production at its Manono lithium project in Congo in June, adding a major source of the battery metal as supply tightens.The Chinese miner plans to commission its Manono project in June, with output expected to reach 130,000... Keep Reading...
VAT refund of over £1 million received

VAT refund of over £1 million received

CleanTech Lithium PLC ("CleanTech Lithium" or "CleanTech" or the "Company") (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, announces that an application for an advance recovery of VAT in Chile has been successful and... Keep Reading...
Parliamentary Ratification of Ewoyaa Mining Lease

Parliamentary Ratification of Ewoyaa Mining Lease

Parliament of Ghana issues official approval of the Mining Lease in respect of the Ewoyaa Lithium Project, representing a significant de-risking milestoneAtlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, "Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration and... Keep Reading...
Lithium salt flats with text overlay: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Patagonia Powers Up on Stronger Lithium Interest

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.This week’s list highlights companies focused on a range of commodities, with a strong presence from the oil, gas and helium sectors.... Keep Reading...
Person using tablet with financial charts and numbers on screen.

Two Dollars of Drilling for Every One Raised: The Junior Mining Structure Most Investors Miss

When investors focus on geology, they are literally and figuratively on the rocks. By solely looking at the physicality of a project, they overlook the very framework that determines how those rocks translate into value.Mining studies posit that “a lack of effective strategies to develop capital... Keep Reading...

Interactive Chart

Latest Press Releases

Related News