2nd Aug 2022 19:38
Atlantic Lithium Ltd - lithium asset developer and producer focused in West Africa - Receives assay results for additional 2,900 metres of reverse circulation drilling, which was completed at the Ewoyaa Main and Grasscutter North targets at the Ewoyaa lithium project in Ghana.
The newly reported results fall outside the current mineral resource estimate, and extend mineralisation by a further 75 metres downdip at the Ewoyaa Main deposit.
Results have also extended mineralisation a further 40 metres west at the Grasscutter North target.
Looking ahead, Atlantic Lithium expects the remainder of the 37,000 metre drilling programme to be completed in the third quarter of 2022.
"Approximately 27,000m of the planned 37,000m programme at Ewoyaa has now been completed. Drilling is ongoing, with further assays pending and the programme targeted for completion this quarter. These latest assays continue to demonstrate the potential for resource growth outside of the current resource and for an extended mine life beyond the metrics of the Scoping Study reported in December 2021 and prior to the updated Resource Estimate of 30.1 million tonnes at 1.26% lithium oxide, announced in March 2022," said Interim CEO Lennard Kolff.
Current stock price: 33.90 pence
12-month change: up 58%
By Dayo Laniyan; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Atlantic Lithium