The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

First Phase Drilling Successfully Completed at Abbotts North Project

by admin March 16, 2024
March 16, 2024
First Phase Drilling Successfully Completed at Abbotts North Project

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce the successful completion of its first phase drilling program at Abbotts North located 35km north of Meekatharra, Western Australia. The program has been completed on time and under budget.

HIGHLIGHTS

First phase of drilling completed, with 11 RC holes totaling 1,623m at Abbotts NorthDrilling confirms orientation and down depth continuity of the stacked pegmatite systemProgram identifies multiple pegmatite layersSamples submitted to lab for multi element analyses with results expected in AprilPegmatite mapping and sampling underway to define further drill targets

A total of 11 RC holes for 1,623m were drilled to test the main outcropping pegmatites at the Buttamiah Prospect.

The pegmatite swarms had previously been mapped over a strike length of up to 350m with the single sub-cropping pegmatites averaging between 2 to 3m width at surface.

The drilling was able to confirm the orientation and down depth continuity of the stacked system dipping between 30-50 degree to the north.

9 of 11 drill holes intercepted pegmatites of on average 1 to 3m and locally up to 4m thickness hosted within an amphibolite unit. Occasionally, lepidolite has been identified and further analyses are planned to determine the presence of spodumene in the system.

All samples have been submitted for multi element analyses with results expected in the next approximately 6 weeks.

Additional studies of the outcropping pegmatites in the larger Buttamiah Prospect area including fractionation vectoring using K/Rb ratios by ERM consultants on site suggest the core of the system to be located to the east of the current drilling.

Further mapping and sampling of the known pegmatites in this area as well as over the remaining tenement package will be completed to refine existing and define further drill targets. This includes preparations for further heritage clearance surveys. Premier1 is fully funded for any subsequent phase two drilling program.

Richard Taylor, CEO of Premier1, commented:

“In our first drilling program, we were able to confirm the continuity of the mapped pegmatites at depth and enhance our understanding of the LCT system.

Although still in the early stages, Abbotts North is gradually revealing its geological story. Further analysis of the RC samples will play a significant role in informing our next drilling targets and in evaluating the area’s lithium potential.

We look forward to updating our shareholders as we continue to explore this exciting region.”

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Mining Leaders Call on Canada to Support Critical Minerals Industry
next post
Lawmakers blast Biden Gaza port plan as political move to win back progressives

Related Posts

Bonanza East 12.4m @ 33.4 g/t AuEq, including...

April 16, 2024

High Grade Gold Mineralisation Extended at Music Well

March 6, 2025

Lancaster Resources Closing of Spin-Off of Nelson Lake...

April 4, 2024

Heliostar Metals Adds to Board of Directors

December 7, 2024

Bitcoin Halving: Expert Analysis and Price Predictions

April 5, 2024

Adrian Day: Soft Landing Won’t Happen, Look to...

November 14, 2023

Sarama Announces Equity Placement of up to A$2M...

November 21, 2024

Board and Executive Management Restructure

August 30, 2024

GTI Board Appoints Ex-Head of Cameco Australia, Simon...

June 5, 2024

Total Finland Gold Resources Increase to 961,800oz AuEq

May 29, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,432)
    • Investing (3,523)
    • Politics (4,756)
    • World (4,659)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved