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Commencement of Drilling, Ghana Lithium Project
Commencement of Drilling, Ghana Lithium Project.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 6314L\n IronRidge Resources Limited\n 14 January 2021\n \n \n \n \n 14 January 2021\n \n \n \n \n \n Drilling Commenced at Ewoyaa\n \n \n Visible Spodumene Intercepted in First Hole\n \n \n Lithium Pegmatite Project\n \n \n Ghana, West Africa\n \n \n \n \n \n IronRidge Resources Limited (AIM: IRR, \"IronRidge\" or the \"Company\"), the African focussed minerals exploration company, is pleased to announce the commencement of drilling at the Ewoyaa Lithium Project (\"Ewoyaa\" or \"ELP\"), where it has defined a JORC compliant mineral resource estimate of 14.5Mt at 1.31% Li2O in the inferred and indicated category, including 4.5Mt at 1.39% Li2O in the indicated category in Ghana, West Africa. \n \n \n \n \n \n Figures and Tables referred to in this release can be viewed in the PDF version available via this link:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/6314L_1-2021-1-14.pdf\n \n \n \n HIGHLIGHTS:\n \n \n Ø \n \n Drilling contractor GeoDrill Limited (\"GeoDrill\") mobilised to site and drilling commenced.\n \n \n \n Ø \n \n First RC drill hole (\n \n \n GRC0199) intersects visible spodumene on a new pegmatite target within 500m of the current resource.\n \n \n \n Ø \n \n 12,500m reverse circulation (\"RC\") drilling programme designed to add resource tonnes within the immediate Ewoyaa resource area. \n \n \n \n Ø \n \n Approximately 10,000m of RC drilling designed to test seven new high-priority pegmatite targets, including outcropping spodumene pegmatite within the immediate Ewoyaa Lithium Project area to add potential resource tonnes.\n \n \n \n Ø \n \n Approximately 2,500m of exploration RC drilling planned to test an additional three exploration targets; Ndasiman, Amoanda and Hweda within the Saltpond and Apam West licenses (refer RNS of 30 June 2020 and 7 Aug 2018).\n \n \n \n Ø \n \n 6km of new access roads and 85 drill pads prepared within the Ewoyaa project area.\n \n \n \n Ø \n \n Ideal infrastructure support: projects located within 110km of the operating Takoradi deep-sea port, within 100km of the capital Accra and adjacent to the sealed Takoradi - Accra highway and high-power transmission lines.\n \n \n \n Ø \n \n Highly supportive government; long mining history, strong diversification drive and pro-renewable and stored energy space initiatives.\n \n ...