Investing

Outstanding Lithium in Soils Confirm Multiple High-Priority Drill Targets Morrissey Hill, Yinnetharra, W.A.

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to advise that assay results returned from the first sample batch of 833 samples have returned extremely high grades across a large area at the Bonzer Pegmatite Field, Morrissey Hill, W.A.

Highlights:Outstanding results returned from detailed soil sampling program at the Bonzer Pegmatite Field, within the Company’s 100%-owned Morrissey Hill Lithium Project, Yinnetharra WAMorrissey Hill is located adjacent to Delta Lithium’s (ASX: DLI) Malinda Lithium Project, Yinnetharra WAIndividual assays have returned results up to 759ppm Li2OFrom an initial sample batch of 833 samples, more than 60% have reported assays in excess of 100ppm Li2OStrong, coherent lithium anomalism defined by values greater than 500ppm Li2O extends for over 1.5km along strike and 0.7km in width and remains openSoil sampling and mapping at Morrissey Hill is ongoing to assess the broader project areaDrilling at Bonzer remains on schedule to commence next week

Reach CEO Jeremy Bower said: “The first round of assay results received from our soil sampling program has defined multiple high-priority targets at the Bonzer Pegmatite Field at Morrissey Hill. As shown in the heat map at Figure 1, the entire grid sampled across the Bonzer pegmatite field has literally lit up with lithium. The presence of lithium in soils at these extremely high levels is another piece of critical data we are using to refine our high-priority drill targets.

Drillers remain on track to mobilise to site next week and we look forward to providing more soil assay results in the areas surrounding the Bonzer Pegmatite Field as they are received. The Future is within Reach.”

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

Stock

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

Investing

ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

Latest News

A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

Latest News

Slovakian police have charged a man in connection with the attempted assassination of Prime Minister Robert Fico, the country’s interior minister said Thursday. Fico...

Disclaimer: Nationalfinancialnews.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 nationalfinancialnews.com