The Pick News

EverGreen commences drilling at Byrnoe

Written by Colin Hay | Nov 19, 2024 2:14:09 AM

EverGreen Lithium (ASX: EG1) has commenced RC drilling at its flagship Bynoe Lithium Project, 50km south of Darwin and directly east of Core Lithium’s Finniss Mine.

RC Drilling Programme

Following the encouraging initial aircore (AC) drilling results, a Reverse Circulation (RC) rig has been deployed to the site.

This new drilling phase aims to explore priority targets identified through Aircore drilling, with particular interest in the recently announced Line 6 target, which has demonstrated significant lithium potential.

The deployment of the RC rig marks a major step forward in EverGreen's exploration strategy.

The recent phase of aircore drilling at Byone is complete with 297 drill holes for 6456 meters. Initial results were encouraging, with interpretation indicating multiple stacked, shallow- dipping pegmatites, similar to lithium-bearing systems like Hang Gong and Lees Booth.

Additional information will be released when the results from all drill holes, logging and interpretation are complete.

Next Steps

With the RC rig now on site, the focus will be on systematically testing deeper targets along Line 6 and other high-priority zones. This approach will enable the company to refine geological models and better assess the pegmatite field’s depth and extent. EverGreen remains committed to realising the resource potential of the Bynoe Project while advancing its exploration strategy in the highly prospective lithium corridor near Core Lithium’s Finniss Project.