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Battery Age Minerals Ltd (ASX: BM8; “Battery Age” or “the Company”) is pleased to report initial assay results have been returned from its maiden drilling campaign at the Falcon Lake Lithium Project in Ontario, Canada. The initial batch of assays have confirmed significant shallow mineralisation across the first four holes that have been laboratory tested.
Highlights
- Expedited assay results received from the maiden drill program at Falcon Lake, confirming significant shallow lithium mineralisation in the first four holes.
- Significant intercepts include:
- 27.6 metres @ 1.37% Li2O from 16.65m down-hole
- With internal highs of 15m @ 1.65% Li2O (23FL-001)
- 21.92 metres @ 1.44% Li2O from 5.7m down-hole
- With internal highs of 15m @ 1.71% Li2O (23FL-004)
- 26 metres @ 1.00% Li2O from 46.3m down-hole1
- With internal highs of 4m @ 1.89% Li2O (23FL-005)
- 8.7 metres @ 1.24% Li2O from 7.5m (23FL-002)
- With internal highs of 5m @ 1.63% Li2O (23FL-002)
- 27.6 metres @ 1.37% Li2O from 16.65m down-hole
- Results confirm the presence of significant pegmatite-hosted spodumene mineralisation at Falcon Lake, building on historic intercepts including:
- 24.4 metres @ 1.43% Li2O including 10.9 metres @ 1.95% Li2O (FLDD006).
- 26 holes for 2,693m have been completed to date in the maiden ~5,000 metre drill programme, with assays pending for 17 holes.
- Visual mineralisation2 has been observed in 22 of the 26 holes drilled to date with mineralised estimates up to 25% spodumene content.
These holes all intersected significant widths and grades of spodumene mineralisation at Falcon Lake, validating previously reported visual observations as announced on the 4th of July.
All holes for which laboratory assays have been returned contain significant lithium mineralisation with composite highs of 1.44% Li2O over 21.92m in hole 23FL-004 and internal highs of up to 1.89% Li2O in hole 23FL-005.
Figure 1 – 23FL-001 Core Box 27.6m @ 1.37% Li2O
The Company has also continued to have success in its drilling campaign with a further 12 holes beyond those reported in ASX Announcement “Spodumene bearing pegmatites up to 27.6m in width intersected from surface at Falcon Lake” reported on the 4th of July intersecting mineralised pegmatites with visual mineralisation estimates ranging from 5% to 25%.
Drilling continues in Falcon West as the Company continues to determine scale and geometry of ore bodies in this area.
Battery Age CEO Gerard O’Donovan commented:
“We are delighted with the results from the first batch of diamond holes at Falcon Lake. These results confirm that we have significant mineralisation across a number of holes. Coupled with these assays, our subsequent holes have continued to intersect mineralisation with visible spodumene of varying percentages. We look forward to sending these to the lab for testing to verify the level of mineralisation.”
“The maiden drilling represents the first step in a phased approach at Falcon Lake and it is fantastic to have generated some outstanding results to begin with. The second phase which will run in parallel to drilling includes our field exploration campaign. This will commence in the near term, and we are confident it will generate more high-priority targets for the drill rig as we move across the property”.
“Based on these results, we will consider an expansion of the maiden program beyond initial planned metres to ensure we progress the project at pace.”
Click here for the full ASX Release
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