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Exceptional High Grade Lithium Results in Ghana
Exceptional High Grade Lithium Results in Ghana.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 9306F IronRidge Resources Limited 23 May 2017 \n\n23 May 2017\n \nDue Diligence on Barari, Obotan and Merlink Completed\n \nFarm-in and Joint Venture Agreements Signed, Ghana, West Africa\n \nFirst Pass Exploration Reveals Exceptional High-Grade, Broad Lithium Pegmatite Trenching Results\n \nIronRidge Resources Limited (AIM: IRR, ''IronRidge'' or the ''Company'') is pleased to report that Farm-in Agreements with Barari Developments Ltd (''Barari''), Obotan Minerals Ltd (''Obotan'') and Merlink Resources Ltd (''Merlink'') for the Saltpond, Apam and Winneba Projects (collectively called the ''Cape Coast Project'') are now binding and unconditional. Exceptional high-grade and broad lithium pegmatite trenching results have been reported at the Cape Coast Project in Ghana, West Africa.\n \nThe Joint Venture arrangements provide IronRidge with exclusive rights to three exploration licenses and two applications for lithium and associated minerals in Ghana, West Africa, and access rights to a highly prospective historic (non JORC) lithium (spodumene) pegmatite resource of 1.48Mt at 1.66% Li2O. Conditional Term Sheets were first announced on 6th September and 20th October 2016. \n \nHIGHLIGHTS:\n \nØ Barari, Obotan and Merlink satisfy all terms to binding and unconditional farm-in arrangements with IronRidge, providing access rights to 314km2 of highly prospective ground.\nØ High-grade 'hard rock' lithium pegmatite results received in trenching and bulk surface rock-chip sampling over broad, continuous widths and multiple mapped pegmatites.\nØ Access rights secured for 3 licenses and 2 applications covering 314km2 within a rediscovered and highly prospective, high-grade 'hard rock' lithium pegmatite field.\nØ First pass exploration programme including 86 individual rock chip samples, 100m of trenching, 270m of channel sampling and over 130m of bulk surface rock-chip sampling for a combined total of 1,545kg of samples across the project areas completed.\nØ Broad, continuous and high-grade whole-rock trenching results received of 100m at 1.57% Li2O (at 1% Li2O cut-off) over the entire trench length; including 40m at 1.93% Li2O and 15m at 2.18% Li2O and remains open in both directions.\nØ Exceptional high-grade, whole-rock bulk surface rock-chip sampling results over 10m...