Business
Corporate Update - Evergreen Lithium
Corporate Update - Evergreen Lithium.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\", or \"the Company\")\n \nCorporate Update - Evergreen Lithium (ASX: EG1) Commences Drilling & Continues Field Activities at Bynoe\n \nCadence Minerals (AIM: KDNC; OTC: KDNCY) is pleased to note that ASX listed Evergreen Lithium Limited (\"Evergreen\") (ASX: EG1) has announced the commencement of RAB/Aircore drilling at its highly prospective Bynoe Project directly east of Core Lithium's Finniss Mine. The RAB/Aircore drilling will be used to test priority targets and to further progress geochemical studies in higher priority areas obscured by Quaternary and Tertiary cover units.\n \nGearing up for this second field program follows the approval of the Company's Mine Management Plan (MMP) in April 2024, and ground conditions being dry enough to allow access for heavier vehicles.\n \nGeochemical, geophysical and mapping activities completed to date demonstrate the potential for lithium bearing LCT pegmatite style mineralisation within EverGreen's EL 31774 lease.\n \nHighlights:\n· RAB/Aircore drilling has commenced successfully at the Bynoe Project\n· Early auger program results provide further direction towards identifying potential lithium-cesium-tantalum (LCT) pegmatite corridors at Bynoe\n· Planned work programs for 2024 will include auger and RAB/AC drilling, field mapping with potential follow-up RC and diamond drilling\n \nLink here to view the full Evergreen ASX announcement\n \nEvergreen Exploration Manager Andrew Harwood commented: \"We are pleased to have commenced drilling on EverGreen Lithium's 231km2 lease at the Bynoe Project, one of the largest land holdings in the Bynoe Pegmatite Field. The Company believes that this project hosts excellent and compelling drill-ready lithium targets.\"\n \n\"The RAB/AC drilling program's primary objectives are lithological mapping beneath the thin cover units, and to test priority targets. These targets include interpreted fault structures, soil geochemical anomalies, historic tin-tantalum surface workings and the Ambient Noise Tomography (ANT) geophysical targets.\"\n \n\"This shallow phase of drilling will only test the leached lithium depleted zone of the pegmatite target, an...