Loyal Lithium Limited (ASX: LLI) has provided an update on its maiden drilling programme at its Trieste Lithium Project, located in the James Bay Region of Québec, Canada.
The drilling programme is targeting Dyke #01, a large, prominent weather-resistant outcrop ridge, with all drill holes to date successfully intercepting spodumene bearing pegmatite. Dyke #01 remains open in all directions with drill core displaying large and abundant spodumene crystals from surface. 14 drill holes, totaling 1,192m with ~305m of cumulative pegmatite intercepts have been completed to date.
Managing director, Adam Ritchie, commented, “We are delighted to have been able to commence this maiden drilling programme just six weeks after the discovery at the Trieste Lithium Project. The geological understanding gained by this programme has confirmed extensions of the spodumene bearing dyke beyond the exposed outcrop, which in turn has confirmed the possibilities of concealed extensions across the entire project.”
Highlights include:
- 74.77m of spodumene bearing pegmatite – DIS23-014
- 30.44m of spodumene bearing pegmatite – DIS23-011
- 27.96m of spodumene bearing pegmatite – DIS23-004
- 26.74m of spodumene bearing pegmatite – DIS23-006
- 24.22m of spodumene bearing pegmatite – DIS23-005
The Loyal Lithium team will commence sample selection for assaying and interpretation of the drilling results to build a geological model to assist with planning a more substantial drilling programme in the upcoming Canadian winter.
Further, the company is well capitalized with US$9.6M in cash to accelerate drilling programmes moving forward.
“The visual spodumene crystals within the core are large and abundant – in line with what we’ve seen at surface across the project. We will now have the core sent for assaying and commence planning for a more substantial drilling programme in the winter.” Said Mr. Ritchie.
To find out more, please visit www.loyallithium.com
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