Astute Metals NL (ASX:ASE) Further High Grade Lithium Intersections at Red Mountain
Price Sensitive Announcement $
Overview:
Astute Metals NL has received assay results from the next four holes, RMRC004-007, of the inaugural Reverse Circulation (RC) drilling campaign at its 100%-owned Red Mountain Lithium Project in Nevada, USA, have returned high-grade mineralisation.
Highlights:
Assay results from the second batch of samples include the following drill intersections:
- RMRC004 : 13.7m @ 1,070ppm Li / 0.57% Lithium Carbonate Equivalent1 (LCE) from surface
83.8m @ 1,230ppm Li / 0.65% LCE from 16.8m - RMRC005 : 26.0m @ 656ppm Li / 0.35% LCE from 3.0m
80.8m @ 1,270ppm Li / 0.68% LCE from 56.4m to End of Hole - RMRC006 : 62.5m @ 1,070ppm Li / 0.57% LCE from 6.1m 15.3m @ 896ppm Li / 0.48% LCE from 71.6m 70.1m @ 1,090ppm Li / 0.58% LCE from 89.9m
- RMRC007 : 74.7m @ 1,160ppm Li / 0.61% LCE from 18.3m
25.9m @ 1,580ppm Li / 0.84% LCE from 115.8m
Company Notes:
Astute Chairman, Tony Leibowitz, said:
“Our confidence in the scale and significance of this discovery continues to increase with each
successful drill-hole at Red Mountain. Assays from the latest four holes have exceeded expectations
and returned some very thick, high-grade intercepts which have confirmed robust lithium
mineralisation in the middle of the project, between intersections from the discovery holes.
“With final assay results expected for the remaining four holes shortly, data from all holes will then
be integrated into an updated geological model for Red Mountain with a view to expediting the
process to achieving a maiden Mineral Resource Estimate.”
Full ASX Announcement: Announcement Document-02 (discoveryalert.com.au)