Business
Lithium Portfolio Further Expanded in Ghana
Lithium Portfolio Further Expanded in Ghana.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 0715C IronRidge Resources Limited 17 January 2018 \n\n17 January 2018\n \nLithium Portfolio Expanded in Ghana, West Africa\nSpodumene Dominant Mineralogy Confirmed at Ewoyaa Lithium Prospect, Ghana\n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to announce the acquisition of an additional, highly prospective lithium pegmatite tenure adjacent to its exciting Ewoyaa prospect, within the broader Cape Coast Lithium Project area in Ghana, West Africa.\n \nThe Company has entered into conditional and binding terms with Joy Transporters Ltd (\"Joy Transporters\"), a wholly owned local Ghanaian company, providing the Company with exclusive rights to the granted Saltpond exploration license and Cape Coast application.\n \nConcurrently the Company has submitted an exploration license application through its wholly owned Ghanaian subsidiary, Green Metals Resources Ltd (IRR 100%), along the interpreted southern extension of the Ewoyaa prospect. \n \nIn addition, comprehensive preliminary mineralogical studies completed on a suite of surface samples from the Ewoyaa prospect have confirmed spodumene as the dominant lithium bearing phase with a simple process flow-sheet envisioned. \n \nHIGHLIGHTS:\n \nØ Conditional and binding terms signed with local Ghanaian company Joy Transporters to secure an additional 318km2 of highly prospective, hard-rock lithium pegmatite tenure within the Company's Cape Coast Lithium Project area.\nØ Application submitted through the Company's 100% owned Ghanaian subsidiary (Green Metals Resources Ltd) covering 13km2 and potential southern extensions of the Ewoyaa prospect.\nØ Combined land package now provides the Company with access to over 645km2 of highly prospective granted and under application lithium pegmatite tenure, including the Company's advanced Ewoyaa and Abonku prospects, and re-discovered historic (non-JORC compliant) Egyasimanku Hill lithium deposit of 1.48Mt @ 1.66% Li20.\nØ Prospective Li pegmatite swarm interpreted to extend from the Ewoyaa and Abonku prospects into the newly acquired tenure further supported by high-priority geophysical targets along the edge of the recently completed helicopter radiometrics-magnetics survey area.\nØ Ewoyaa prospect characterised by simple, spodumene dominant mineralo...