Red Dirt Metals Limited (ASX: RDT) has obtained a “fantastic” result from infill drilling at the Mt Ida Lithium Project from the Sister Sam pegmatite in Western Australia.
Hole IDRD077W2 intersected 49.5m at 1.45% Li2O from 387.5m in the ongoing drilling campaign in the Eastern Goldfields region of WA.
Mt Ida has a global resource base of 12.7Mt @1.2% Li2O and the company is fast tracking the development of this resource base.
Executive Chairman, David Flanagan, said this “fantastic” drilling intercept from Sister Sam is the first received since resource estimation work completed in October 2022. Drilling up until the end of 2022 was predominantly focused on sample collection for metallurgical test work and RC drill pre-collars. This result, alongside the priority AC anomalies detected, demonstrates the significant growth potential at Mt Ida.
Highlights
• Fantastic result from infill drilling at the Mt Ida Lithium Project from the Sister Sam pegmatite;
IDRD077W2: 49.5m @1.45% Li2O from 387.5m including;
o 12.2m @1.95% Li2O from 389.1m,
o 5.5m @2.00% Li2O from 405.6m,and o 5.7m @1.90% Li2O from 418.3m.
• Multiple regional Air-Core (“AC”) lithium anomalies present priority follow up targets.
• More than 200 holes and 60,000m drill program planned for 2023 to;
o test the significant growth potential of the Mt Ida Lithium Project, and o increase understanding of the ore body to fast-track development.
“Red Dirt is focused on starting operations in 2023 and then growing. We will do that by building a great project at Mt Ida and continuing to go hard on exploration,” Mr Flanagan said.
“The capability of our small team to manage some very intensive campaigns and achieve excellent results as included herein, means we will maximise the opportunity for shareholders to benefit from current high prices.”
The company continues to progress diamond drilling as well as infill and expansion RC drilling programmes across the Mt Ida Lithium Project. More than 20 intercepts are with the labs undergoing analysis with expected results in the next six to 12 weeks. The planned drill programmes will cover more than 200 holes and 60,000m throughout 2023. Four priority AC anomalies have been identified in regional AC drilling designed to detect low tenor “host rock hanging wall” lithium anomalism and these will be followed up by RC drilling and likely to be reported in the June Quarter.
IDRD077W2 was designed to increase the resource confidence from Inferred to Indicated. The drill angle is perpendicular to the pegmatite and can be considered as true width and is the best drill intercept ever received at the Mt Ida Lithium Project.
The company has also completed two additional diamond tails to this hole, and each intersected the Sister Sam pegmatite, and has plans to complete numerous infill and extension holes at the Sister Sam, Timoni and Sparrow pegmatites to increase both the confidence and size of the resource.
For further information please visit: https://reddirtmetals.com.au/
