Metal Hawk (ASX:MHK) is today trading 50% higher on the Australian Securities Exchange (ASX) as the company seeks to launch a maiden lithium drilling program at its Yarmany Project in Western Australia.
The $11 million market capitalisation company is trading at $0.210 following reports of hopes the maiden aircore drilling will define pegmatite geometry and establish the depth of weathering in the area ahead of a deeper reverse circulation (RC) program.
As reported by Mining.com.auyesterday (6 November 2023) a drilling contractor has now been secured and work will begin once site preparations are complete.
This company recently conducted a mapping and geochemical sampling program that outlined a ‘large’ lithium pegmatite target with over 1km of strike length and up to 140m wide at the F-camp prospect within Yarmany.
Images: Metal Hawk
