Battery Age Minerals (ASX:BM8) has intersected spodumene-bearing pegmatites in all 15 holes drilled so far at its Falcon Lake Lithium Project in Ontario, Canada.
Initial drilling has ‘significantly’ extended the recent Falcon East Extension discovery adjacent to the historical showing at Falcon East.
The $20.67 million market capitalisation company says the recently discovered zone of spodumene mineralisation at Falcon East Extension is the first of the 30+ targets generated from a recently completed summer field campaign.
Battery Age reports the ‘largest’ intercept since re-starting drilling is from hole 23FL-071, which intersected 26.4m of mineralised pegmatite from 46.8m.
Interim Chief Executive Officer (CEO) Nigel Broomham says the team has only just scratched the surface and believes the recent results highlight the potential to uncover discoveries of scale at Falcon Lake.
“The phase two program is designed to systematically test the strong pipeline of targets we have developed outside the known mineralisation at Falcon Main, and we are looking forward to what this work can deliver in the months ahead.”
The phase two drilling program comprises 10,000 to 20,000m of drilling with the aim of testing new pegmatite discoveries across more than 30 ‘high priority’ targets.
Battery Age Minerals is a battery minerals explorer focused on rapidly growing its Falcon Lake project that covers 42.8km-square and sits in Ontario, Canada.
As of 30 September 2023, the company had $6.526 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Battery Age Minerals
