Global Lithium Resources (ASX: GL1) has released further positive assay results from RC drilling at its Marble Bar Lithium Project in the Pilbara.
The work, which formed part of Global’s 80 hole for 9,066m Q4 campaign, was focused on step-out exploration at the Archer deposit, and generated key results including:
- Hole MBRC0208: 8m @ 1.20% Li2O and 50ppm Ta2O5 from 40m
- Hole MBRC0201: 4m @ 2.02% Li2O and 43ppm Ta2O5 from 46m
- Hole MBRC0207: 9m @ 0.72% Li2O and 40ppm Ta2O5 from 1m and 8m @ 1.48% Li2O and 67ppm Ta2O5 from 14m
- Hole MBRC0203: 13m @ 0.86% Li2O and 54ppm Ta2O5 from 9m
Speaking on these latest grades, Global Lithium Managing Director Jamie Wright said “Our CY4Q Exploration Program continues to deliver at the MBLP, with lithium intercepts continuing along the >6km strike of mineralisation already identified within the project area. These results continue to highlight the prospectivity of the area, particularly towards the southern extent of E45/4309. Importantly, these recent assays highlight the potential for lithium mineralisation to extend south into E45/4724, where the Company is anticipating soil survey results in early CY2022 to assist define drill targets in this new area.
“These results continue to highlight the prospectivity of the area, particularly towards the southern extent of E45/4309″
The high success rate of the program vindicates the targeting effort by the Global Lithium and Resource Potentials’ teams and provides a strong platform for the 2022 exploration campaign.
The lithium market remains strong and we expect this momentum to continue into 2022 and beyond.”
Global reports that the bulk of the drilling was tasked with testing geochemical and outcropping pegmatite targets along the greenstone belt, including a series of granite-hosted targets between Archer and the Brockman Zone.
Anomalous lithium was intersected in a number of holes testing pegmatite targets in granite between Archer and Brockman, in a result which the company describes as ‘promising’. This includes several ‘significant’ intercepts in area south-east of Archer, extending towards the Moolyella tin field.
The results indicate that the system is larger than expected, and has generated a number of followup targets for a planned 60,000m drilling campaign in 2022.
Images: Global Lithium Resources Limited