Business
2023 Exploration and Resource Programmes Update
2023 Exploration and Resource Programmes Update.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n 20 March 2023\n \n \n \n \n \n \n \n \n \n 2023 Exploration and Resource Drilling Programmes Update\n \n \n \n \n Auger Drilling Commenced\n \n \n \n \n Ewoyaa Lithium Project,\n \n \n Ghana\n \n \n \n \n \n \n \n \n Atlantic Lithium Limited\n (AIM: ALL,\n ASX: A11, OTCQX: ALLIF,\n \"Atlantic Lithium\" or the \"Company\"),\n the funded African-focussed lithium exploration and development company\n targeting to deliver Ghana's first lithium mine,\n is pleased\n to announce the commencement of auger drilling at the\n Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\")\n , part of the 2023 exploration and resource drilling programmes now underway at\n the Project and broader 560km2 Cape Coast Lithium portfolio (\"Portfolio\") in Ghana, West Africa\n .\n \n \n \n HIGHLIGHTS:\n \n \n \n Ø\n \n The following 2023 exploration drilling programme is planned:\n \n \n \n ·\n Approximately 20,000m of auger drilling over a five-month period to test multiple targets identified within the Project area and broader Portfolio;\n auger drilling has now commenced at the Assan target in the north of the Project area, with four auger rigs active to test for and define pegmatite footprints.\n \n \n · \n Passive seismic geophysics survey to test for potential concealed pegmatite targets within the immediate Ewoyaa Mineral Resource Estimate1 (\"MRE\" or \"Resource\") footprint\n \n \n ·\n Approximately 6,500m of follow-up exploration RC drilling on new targets defined in auger drilling and the passive seismic survey, dependent on results.\n \n \n ·\n Soil geochemistry survey, which has now commenced over the Cape Coast licence.\n \n \n Ø\n \n An additional resource drilling programme is planned to run concurrently:\n \n \n \n ·\n Approximately 10,000m of resource infill and extensional reverse circulation (\"RC\") and diamond core (\"DD\") drilling at the Project consisting of:\n \n \n o \n 3,000m of infill drilling to convert Inferred resources to the higher confidence Indicated category at the Ewoyaa South 2 deposit for future mine sequencing optionality; drill pads and access construction is currently underway;\n \n \n o \n 7,000m of step out extensional drilling along strike and at depth below the Ewoyaa Main, Ewoyaa North-East and Kaampakrom corridor deposits aiming to grow the current MRE1.\n \n \n ·\n Ap...