Lightning Minerals (ASX:L1M) has received soil sampling results which support a drilling program at the Esperança Project in Minas Gerais, Brazil.
To date, the highest tenor lithium results returned from the Caraíbas and Canabrava projects include up to 429 parts per million (ppm) lithium and 320ppm lithium, respectively.
In parallel, Lightning Minerals has also confirmed spodumene minerals discovered within pegmatites at Esperança via Raman Spectroscopy.
As such, the company is engaging with a drilling contractor to tackle a 2,000m drilling program which will begin this quarter.
Plans are also underway for drilling at Caraíbas which will be targeted at the identified lithium in soil anomaly extending 2km that returned peak results up to 239ppm lithium.
Managing Director Alex Biggs says the results provide confidence in the potential prospectivity of the project areas and the Minas Gerais region.
“The past six months have been significant for the company in providing strong drill targets and allowing us to both develop an exploration thesis and drill target priorities,” Biggs says.
“As we move towards our first drill campaign in Brazil at Esperança we look ahead to another busy and productive year that has the potential to deliver significant results and a step change for the company.”
Lightning Minerals notes that further infill soil programs may be considered where results require further definition prior to moving to drill testing.
Prioritisation of the current suite of targets is also being conducted to ensure the most robust targets are tested via drilling in the first-pass program.
Lightning Minerals is a lithium and critical minerals explorer with assets in Western Australia and Brazil.
Write to Aaliyah Rogan at Mining.com.au
Images: Lightning Minerals
