Charger Metals (ASX: CHR) with nice returns at Lake Johnston’s lithium deposits this week.
The lithium spec announced promising drill results.
Summary of results from Charger
High-grade lithium results returned from spodumene-bearing pegmatites, with
significant intersections including:
o 4m @ 2.06% Li2O from 145m (23CRC013)
o 6m @ 1.56% Li2O from 19m (23CRC006)
o 5m @ 1.41% Li2O from 83m (23CRC007)
o 6m @ 1.34% Li2O from 24m (23CRC003)
o 6m @ 1.06% Li2O from 47m (23CRC002) 1
The drilling at Medcalf has delineated a swarm of stacked spodumene-bearing
pegmatites up to 13m thick (down-hole)within a 100m wide corridor 2
Spodumene mineralisation has been intersected along 700m of strike and 250m downdip and remains open in both directions 2
Assays for the final eight drill-holes are still pending, with results expected in the coming
weeks
Preparations are underway for a follow-up drill programme to test for extensions to the
high-grade lithium mineralisation
“The swarm of stacked pegmatites remains open down-plunge, and we look forward to modelling the results once they are all received in order to plan the next phase of drilling to test for extensions of the high-grade lithium mineralisation,” Managing Director Aidan Platel said.
“These exciting results from the first drill programme are the first of many prospective target areas of the Lake Johnston Project and highlight the potential for the Project to host significant economic lithium mineralisation.”