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Balkan Mining and Minerals Ltd (ASX: BMM; "BMM" or "the Company") is pleased to announce that the diamond drill program undertaken by Major Drilling Group International Inc (“Major Drilling”) has intersected pegmatites with visible spodumene (Figure 2, Table 1) from the Koshman pegmatite occurrence at the Gorge Lithium Project located in Ontario, Canada (the "Gorge Lithium Project" or the "Project").
Highlights
- ~1,500 metres of planned 2,500 metre drill program completed by Major Drilling.
- 8 holes have intersected visible spodumene from the 10 holes completed.
- Koshman prospect among several pegmatite occurrences at Gorge with pegmatite dyke width varying in drilling between 1.02m to 16.83m and containing visible spodumene ranging from 3 to 20% content1.
- Balkan notes that the most recently completed hole at Koshman – KS-23-009 – has encountered ~16.8m of visual spodumene mineralisation from 5.8m to 22.7m.
- 180 samples have been submitted to the laboratory, with assays expected in the next 3 to 6 weeks.
More than half of the planned 2,500m drilling program has been completed to date with a focus on testing the known pegmatites outcropping at the Koshman occurrence.
The visual results from drilling are in line with observations from outcrops at Koshman (see ASX Release 16 October 2023), and Balkan eagerly anticipates assay results to confirm lithium grades.
Figure 1 – Plan view of the Koshman pegmatite
Table 1 – Koshman mineralised intervals - Intervals are down hole length, true width not known. Spodumene % are based on visual estimates1
Figure 2 – Core boxes containing spodumene mineralisation in hole KS-23-004
Balkan notes that the most recently completed hole at Koshman – KS-23-009 – has encountered ~16.8m of visual spodumene mineralisation from 5.8m to 22.7m.
Assay results for the 4 holes drilled at Nelson have been received. The absence of spodumene pegmatite at depth at Nelson occurrences indicates potentially deeply eroded spodumene-bearing pegmatites by intensive glaciation.
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