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Highly Prospective Lithium Ground Secured in Ghana
Highly Prospective Lithium Ground Secured in Ghana.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 0423J IronRidge Resources Limited 06 September 2016 \n \n\n6 September 2016 \n \nHighly Prospective Lithium Tenements Secured and Right to Acquire Historic 1.48Mt at 1.67% Li2O Lithium Resource in Ghana, West Africa\n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to announce the acquisition of a highly prospective 'hard-rock' lithium tenement package and associated access rights to an historic (non-JORC compliant) 1.48Mt at 1.66% Li2O lithium resource in Ghana, West Africa.\n \nHIGHLIGHTS:\n \n· Historic 1.48Mt at 1.66% Li2O resource defined by the Ghana Geological survey in 1962.\n· IronRidge can earn up to 100% of the projects through staged earn in arrangements and expenditure to Feasibility Study within a 4-year period.\n· Hard-rock, pegmatite hosted mineralisation with dominant lithium rich spodumene mineralogy, simple process flow-sheet envisioned.\n· Extensive and highly prospective land package secured through joint venture and direct application, covering 238km2 in Ghana, West Africa.\n· 10km long by 1 to 3km wide lithium pegmatite vein swarm trend defined in historic mapping.\n· Multiple untested pegmatite occurrences identified - including lithium, tin, tantalum, niobium and beryllium targets throughout the tenement package. \n· Licenses adjacent to the coast and within 70km of the capital city Accra; excellent infrastructure, logistics and services support for potential rapid development.\n· Global demand for lithium is increasing at an unprecedented rate.\n \nReference to figures and tables relate to the version of this release on the Company's website (www.ironridgeresources.com.au) or visible in PDF format by clicking the link below:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/0423J_-2016-9-6.pdf\n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: \n \n\"Our global search initiatives continue to yield positive results with this advanced opportunity, an impressive historical lithium resource complimented with ad...