Askari Metals (ASX:AS2) has intersected 100-metre plus lithium-bearing pegmatites across both tenements at its flagship Uis Lithium Project in Namibia.
Assay results from recent RC drilling also reveal evolved granite, high fractionation and several positive results with open-ended mineralisation.
This is highly positive for the first phase of drilling at the project and will help inform future drilling campaigns as Askari looks to unlock the potential lithium resource at the project.
Highlights
- Drilling intersects 100-metre plus lithium-bearing pegmatites across both tenements of the Uis Lithium Project, Namibia
- Broad lithium-bearing pegmatites intersected in ongoing EPL 7345 Phase II RC drilling
- Phase I RC drilling assay results at EPL 7345 reveal evolved granite, high fractionation and several positive results with open-ended mineralisation
- Detailed mapping has identified significant drill targets at both EPL 7345 and EPL 8535
- Planning underway for Phase II RC drilling in EPL 8535
The company’s aggressive exploration strategy on our Uis Lithium Project is proving successful, as we intersect more and more 100-metre-wide pegmatites with lithium-bearing minerals identified in the drill chips,” VP-Exploration and Geology, Johan Lambrechts, said.
“The first phase of drilling was an introduction to the unexplored world of the pegmatites on our project area, allowing us to gather benchmark data that will inform our next drilling and exploration campaigns.
“The results have seen us intersect some very wide pegmatites with lithium-bearing minerals, and we eagerly await the assay results of these follow-on phases. The mapping program will continue to give us detailed information on the pegmatites and help identify future drill targets to be tested later in the year.
“The lithium tenor of the results also aligns well with what is known in the region and we are confident of building on the exploration results achieved to date as we continue with our aggressive exploration and development campaign at the Uis Lithium Project.”
To date, the company has completed two RC drilling phases at the Uis Lithium Project. The Phase I RC drilling programme completed at EPL 7345 comprised of 3,017m across 59 drill holes, whilst at EPL 8535 the Phase I RC drilling program comprised 3,523m across 59 drill holes. A second phase of RC drilling on EPL 7345 is nearing completion with 55 drill holes completed to date for a total of 3,367m drilled.
Results to date have been encouraging, creating greater confidence for the company to maintain its aggressive exploration strategy, and by doing so, unlock shareholder value from this prospective lithium province.
Initial drilling across the company’s tenements has identified broad 100-metre-plus lithium bearing pegmatites and several 40-metre-wide lithium-bearing pegmatites.
