Aim-listed Premier African Minerals says pegmatite intersections have been encountered in a zone at its Zulu project, in Zimbabwe, that was not previously included in any of the company's exploration target assessments or in the existing resource estimate.
"Together with preliminary results from exploration activities in the wider exclusive prospecting area, this continues to support my view that Zulu is likely to emerge as one of the more substantial hard rock lithium rich regions in Zimbabwe, a country already hosting significant lithium/cesium/tantalum pegmatites, and a deposit with world-class potential," notes CEO George Roach.
The company has now drilled 4 190 m and completed 24 holes since the start of a definitive feasibility study on the project.
Roach also notes that due diligence visits by parties interested in investing into the Zulu project are under way.
"Indications are that Premier is dealing with strong and growing interest as we progress Zulu," he adds.