Atlantic Lithium Limited (GOAL: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Business”), the African-focused lithium expedition and advancement business targeting to provide Ghana’s very first lithium mine, is happy to reveal that numerous broad periods of noticeable spodumene have actually been observed in drilling beyond the present Mineral Resource Estimate1 (” Resource” or “MRE”) at the Business’s flagship Ewoyaa Lithium Task (” Ewoyaa” or the “Task”) in Ghana, West Africa.
Emphasizes
- Numerous broad periods of noticeable spodumene reported in drilling beyond the present MRE 1, considerably increasing the capacity for a resource upgrade.
- Longest reported constant pegmatite period in the 2023 drilling program to date of 106m in hole GRC1020 from 6m at the Dog-Leg extension target on the northern pointer of the Ewoyaa Main deposit.
- Noticeable grainy spodumene piece periods reported at shallow depths in holes:
- GRC1017: 51m period of 25-30% visual approximated spodumene modal abundance from 83m
- GRC1020: 74m period of 20-25% visual approximated spodumene modal abundance from 39m and a 41m period of 20-25% visual approximated spodumene modal abundance from 137m
- GRC1021: 24m period of 15-25% visual approximated spodumene modal abundance from 93m
- Grainy, P1-type spodumene pegmatite is chosen for the Dense Media Separation (” DMS”) procedure flowsheet thought about in the Conclusive Expediency Research Study for the Task (refer statement of 29 June 2023).
- Resource drilling continuous; conclusion of the boosted 26,500 m prepared program (refer statement of 7 November 2023) targeted for Q2 2024.
KEEP IN MIND: Visual price quotes of mineral abundance need to never ever be thought about a proxy or alternative to lab analyses where concentrations or grades are the aspect of primary financial interest. Visual price quotes likewise possibly supply no details concerning pollutants or unhealthy physical residential or commercial properties pertinent to assessments.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, stated:
” In line with our objective of providing an increased resource at the Ewoyaa Lithium Task, we are extremely happy to report broad periods of noticeable, grainy spodumene in numerous drill holes near surface area and beyond the present MRE footprint. These periods even more enhance our self-confidence in providing an upgraded MRE upon conclusion of the present drilling program in Q2 2024.
” We are delighted to have actually converged our longest pegmatite period in the 2023 drilling program to date. Found beyond the present Resource footprint and happening just 6m from surface area, the period consists of emphasize crossways of noticeable grainy spodumene over 74m from a depth of 39m and over 41m from a depth of 137m, respectively.
” The grainy, P1-type nature of the spodumene pieces observed in Reverse Blood circulation drilling chips is extremely motivating as it carries out positively in DMS-only processing, as prepared at the Ewoyaa Lithium Processing Plant, with great healings.
” We anticipate offering more updates from the continuous drilling program in due course.”
Figure 1: 106m constant pegmatite period from 6m observed in hole GRC1020 with coarse pieces of noticeable spodumene obvious. More pegmatite with grainy noticeable spodumene converged from 116m to 122m and 137m to 178m with end of hole at 250m (disappointed in this image) KEEP IN MIND: Visual price quotes of mineral abundance need to never ever be thought about a proxy or alternative to lab analyses where concentrations or grades are the aspect of primary financial interest. Visual price quotes likewise possibly supply no details concerning pollutants or unhealthy physical residential or commercial properties pertinent to assessments.
Broad Periods of Noticeable Spodumene
Drilling beyond the present MRE 1 has actually converged numerous periods of pegmatite, consisting of numerous broad periods of grainy noticeable spodumene at the Pet Leg possibility extension (refer Figure 1 and Figure 3). The drilling forms part of the continuous resource infill and extensional program, which was just recently increased from 18,500 m to 26,500 m of prepared drilling, due for conclusion in Q2 2024 (refer statement of 7 November 2023).
Emphasize logged pegmatite periods with noticeable price quotes of spodumene modal abundance in RC drill chips are summed up in Table 1 listed below, with all logged periods and collar information reported in Table 2 and Table 3.
Table 1: Highlight visual evaluations of spodumene abundance in logged pegmatite periods in brand-new reported drilling KEEP IN MIND: Visual price quotes of mineral abundance need to never ever be thought about a proxy or alternative to lab analyses where concentrations or grades are the aspect of primary financial interest. Visual price quotes likewise possibly supply no details concerning pollutants or unhealthy physical residential or commercial properties pertinent to assessments.
The drilling reported herewith lies at the Dog-Leg extension target on the northern pointer of the Ewoyaa Main deposit, at the confluence of the Ewoyaa Main pattern and the Ewoyaa North-East pattern (refer Figure 2 and Figure 6).
A comparable structural setting happens even more north at the Ewoyaa Main Sill deposit where the north-south trending Ewoyaa Main pattern converges the east-west trending Grasscutter pattern and is substantial as it leads to flat lying sill geometry mineralisation. A comparable pattern is emerging here at the Dog-Leg possibility with drilling proof indicating a possible flat lying geometry which might lead to extra resource development (refer Figure 4, Figure 5 and Figure 6).
Prepared for timing for assay invoice and evaluation is around 2 to 3 months from the date of this statement.
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