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Historical Lithium Resource Located in Ghana
Historical Lithium Resource Located in Ghana.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 0107I IronRidge Resources Limited 14 June 2017 \n\n14 June 2017\n \nHistoric High-Grade Lithium Resource Located\nUltra-High Resolution Magnetics and Radiometrics\nHelicopter Survey Commissioned\nProject Update, Ghana West Africa\n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to announce that it has discovered multiple, significant outcropping lithium pegmatites and inspected the historic Egyasimanku Hill Lithium resource (1.48Mt at 1.66% Li2O, non JORC compliant) within the Cape Coast Lithium Project area, Ghana, West Africa. \n \nThrough an unconditional farm-in agreement with Obotan Minerals Ltd ('Obotan'), the Company secured exclusive rights to apply for exploration permits to an highly prospective reported historic (non JORC) lithium (spodumene) pegmatite resource of 1.48Mt at 1.66% Li2O. The agreement was first announced on 6th September 2016 and became unconditional on 23rd May 2017. \n \nHIGHLIGHTS:\n \nØ Multiple pegmatites with visible, coarse crowded spodumene aggregates located on Egyasimanku Hill.\nØ Outcropping pegmatites characterised by coarse crystalline spodumene (a lithium rich pyroxene mineral and the preferred feedstock of hard-rock lithium mining projects).\nØ Three separate pegmatite outcrop and boulder float zones mapped over 480m, 350m and 320m strike lengths with 20m to 50m widths open to the south-west.\nØ Historic 1.48Mt at 1.66% Li2O (non JORC) Egyasimanku Hill Lithium resource defined by the Ghana Geological survey in 1962.\nØ Mapping and sampling ongoing; additional pegmatite targets identified in satellite imagery with very coarse grained and crowded spodumene pegmatites observed; significant potential to grow resource in both size and grade.\nØ High resolution magnetics and radiometrics helicopter geophysical survey commissioned. \n \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/0107I_-2017-6-14.pdf\n\n \n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: \n \n\"We are very excited to have lo...