Battery Age Minerals (ASX:BM8) will neek week start drilling again within a new zone of spodumene mineralisation outside of the Falcon East prospect in Ontario, Canada, after receiving new ‘significant’ results.
Drilling will restart following a short pause for the hunting season and will continue to further define the mineralisation extents and structural geometry of the newly discovered pegmatite.
The $19.75 million market capitalisation company says the latest results, generated from step-out drilling from known previous mapped historical occurrences at its Falcon Lake Lithium Project, indicate additional ‘thick’ zones of ‘high-grade’ spodumene, highlighting the potential for scale.
Key results include hole 23FL-067 with 19.1m @ 1.34% lithium oxide (Li2O), which builds on other notable intercepts from this new zone, including hole 23FL-061 with 18.05m @ 1.02% Li2O from 11.95m down-hole; and hole 23FL-059 with 27.45m @ 0.83% Li2O from 19.65m down-hole.
Battery Age Minerals Managing Director Gerard O’Donovan says the company is counting down the days until it can continue to determine the full extent of this new zone.
“We are very encouraged to see more strong lab results returned from Falcon East, which represents the first significant zone of spodumene mineralisation to be discovered at Falcon outside of the area of historic exploration.
We have yet to fully test this area due to the short pause in drilling for the hunting season, but we look forward to recommencing work next week and further testing this zone to determine its full extent.
“The rig will be back spinning next week, and the team is excited to get back on the ground and further expand the potential of Falcon Lake”
The rig will be back spinning next week, and the team is excited to get back on the ground and further expand the potential of Falcon Lake.”
Battery Age Minerals is an ASX-listed battery minerals-focused company working to grow its battery metal portfolio by acquiring other battery-related tenements worldwide.
Battery Age Minerals had $3.2 million cash and cash equivalents at hand as of 30 June 2023, although it raised an additional $6.4 million in August to accelerate a maiden drilling program at Falcon Lake.
Write to Adam Drought at Mining.com.au
Images: Battery Age Minerals
