IronRidge hits high-grade lithium during drilling at Ewoyaa
Aim-listed IronRidge Resources’ share price shot up by 8.9% to 24.2p apiece as the company hit high-grade lithium mineralisation during drilling at its Ewoyaa project, in Ghana.
Intercepts included 128 m grading 1.21% lithium, 111 m grading 1.35% lithium and 65 m at 1.58% lithium, up to 3 m at 3.29% lithium.
This confirms Ewoyaa as a significant deposit and provides confidence for further exploration success within the portfolio, the company stated on Tuesday.
The initial assay results were received for 4 180 m of the total 8 090 m Phase 1 reverse circulation drilling programme completed at the north extension of the Ewoyaa project.
IronRidge chief geologist Len Kolff said results received to date indicate the development of a broad, continuous high-grade zone within the central and northern extension zones, which remains open to the north and potentially north-east, with additional drilling results pending.
“We will continue to advance the regional soil sampling programme and rapid analysis using its handheld LIBS lithium analyser, while reviewing new drilling results and start planning for resource and exploration drilling programmes.”
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation