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Ewoyaa Mineral Resource Estimate Increases by 47%
Ewoyaa Mineral Resource Estimate Increases by 47%.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 1699U\n Atlantic Lithium Limited\n 01 December 2021\n \n \n \n \n 1 December 2021\n \n \n \n \n \n Ewoyaa Lithium Resource Increases to 21.3Mt at 1.31% Li2O\n \n \n Cape Coast Lithium Portfolio, Ghana West Africa\n \n \n \n \n \n \n \n \n Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, \"Atlantic Lithium\" or the \"Company\"), the African focussed minerals exploration company, is pleased to report a significant Mineral Resource Estimate (\"MRE\") upgrade to 21.3Mt at 1.31% Li2O for the Ewoyaa deposit and surrounding pegmatites (collectively the \"Ewoyaa Project\" or \"Project\") within the Cape Coast Lithium Portfolio in Ghana, West Africa. The Mineral Resource is reported in accordance with the JORC Code (2012).\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 http://www.rns-pdf.londonstockexchange.com/rns/1699U_1-2021-12-1.pdf\n \n \n \n \n \n HIGHLIGHTS:\n \n \n Ø \n \n 47% increase in Mineral Resource Estimate to 21.3Mt at 1.31% Li2O reported in accordance with the JORC Code (2012) in Indicated and Inferred status at the Ewoyaa deposit.\n \n \n \n Ø \n \n The total resource grade remains unchanged, highlighting its robust geological fundamentals and the estimate includes 5.2Mt at 1.39% Li2O of Indicated Mineral Resource.\n \n \n \n Ø \n \n Significant exploration upside within broader 560km2 Cape Coast lithium portfolio; including historic 1.48Mt at 1.67% Li2O Egyasimanku Hill deposit (non JORC, refer RNS of 14 June 2017).\n \n \n \n Ø \n \n Current resource upgrade based on c.56,500m of drilling; an additional c.28,000m of infill and extensional drilling completed with results pending are not included in this resource upgrade. \n \n \n \n Ø \n \n Mineralisation remains open at depth and along strike with additional untested pegmatites within the immediate deposit area, providing potential for further resource upgrades. \n \n \n \n Ø \n \n Regional exploration and target definition on going with 4 Auger rigs on site, with resource drilling to re-commence in early 2022. \n \n \n \n Ø \n \n Resource exceptionally well located; adjacent high-power transmission lines, within 1km of national highway and within 110km along sealed road to the operating Takoradi deep-sea port.\n \n \n \n \n...