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Evergreen Lithium Intercepts Pegmatites at Byone
Evergreen Lithium Intercepts Pegmatites at Byone.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\", or \"the Company\")\n \nEvergreen Lithium (ASX: EG1) Intercepts Pegmatites at Byone\n \nCadence Minerals (AIM: KDNC; OTC: KDNCY) is pleased to note that ASX listed Evergreen Lithium Limited (\"Evergreen\") (ASX: EG1) in which Cadence has an 8.74% equity stake has announced progress from initial exploration activities at its highly prospective Bynoe Project, 50km south of Darwin and directly east of Core Lithium's Finniss Mine in Australia's Northern Territory.\n \nInitial aircore drilling in the north of the Bynoe Project has intercepted pegmatitic intrusions in multiple locations. Logging of drill samples at the company's Lunchbox and Frogmouth prospects has identified pegmatites close to surface.\n \nHighlights:\n \n· Initial aircore drill lines intercept pegmatites at first two prospects at the Bynoe Project, 50km south of Darwin and directly east of Core Lithium's Finnis Mine.\n \n· Early drilling at Bynoe provides evidence that Core Lithium's mineralised pegmatite field continues into EverGreen Lithium's Bynoe Project.\n \n· With an extensive aircore drilling program ongoing at Bynoe, the Company hopes to build upon its early success by identifying additional pegmatites prospective for lithium-spodumene mineralisation.\n \n· A follow-up deeper RC drilling program is being planned to test the newly identified pegmatites below the weathered zone.\n \nLink to view the full Evergreen ASX announcement is available here\n \nEvergreen Exploration Manager Andrew Harwood commented: \"Intercepting a blind pegmatite that is not outcropping on your first day of drilling shows that we are at the start of something good. Achieving this early proof of concept gives us confidence in our approach for EverGreen Lithium's ongoing exploration programs. The field team and drilling contractors have done a great job getting to this point and the program will move forward quickly from here.\n \n\"The current program's objectives involve delineating prospective pegmatites beneath the thin cover units by testing priority geochemical and geophysical targets. Our team at Bynoe are excited by the early success a...