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Ewoyaa Mineral Resource Estimate Up 42% to 30.1Mt
Ewoyaa Mineral Resource Estimate Up 42% to 30.1Mt.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 8839F\n Atlantic Lithium Limited\n 24 March 2022\n \n \n \n \n 24 March 2022\n \n \n \n \n \n Ewoyaa Lithium Resource Increases by a further 42%\n \n \n to 30.1Mt @ 1.26% Li2O\n \n \n Cape Coast Lithium Portfolio, Ghana, West Africa\n \n \n \n \n \n Atlantic Lithium Limited \n (AIM: ALL, OTC: ALLIF, \"Atlantic Lithium\" or the \"Company\"),\n the fully-funded, African- focussed lithium exploration and development company \n on track to become West Africa's first lithium producing mine,\n is pleased to announce a significant Mineral Resource Estimate (\"MRE\"\n or the \"Resource\"\n ) upgrade to 30.1Mt at 1.26% Li2O for the Ewoyaa lithium deposit (collectively the \"Ewoyaa Project\" or the \"Project\") within the Cape Coast Lithium Portfolio in Ghana, West Africa. The 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/8839F_1-2022-3-24.pdf\n \n \n \n \n \n HIGHLIGHTS:\n \n \n Ø \n \n 42% increase in MRE to 30.1Mt at 1.26% 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 Total Resource grade remains largely unchanged, highlighting its robust geological fundamentals, and includes a 294% increase to 20.5Mt at 1.29% Li2O in the Indicated category and 9.6Mt at 1.19% Li2O in the Inferred category.\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 confidence for further resource upgrades. \n \n \n \n Ø \n \n The MRE upgrade is based on a total 90,308m of reverse circulation (\"RC\") and diamond core (\"DD\") drilling which includes an additional c. 37,500m of drilling completed to end December 2021 (including c. 10,750m of DD).\n \n \n \n Ø \n \n Resource expansion and exploration RC drilling underway with one RC drill rig active on site. Regional exploration auger drilling underway with six rigs active over the portfolio; detailed airborne geophysical survey awarded and soil sampling surveys underway over newly granted Cape Coast license (refer RNS of 17 March 2022).\n \n \n \n Ø \n \n Significant exploration upside wi...