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64m Intercept @ 1.24% Li2O in First Lithium Assays
64m Intercept @ 1.24% Li2O in First Lithium Assays.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n \n \n Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n \n \n \n \n \n 15 November 2022\n \n \n \n \n \n Firering Strategic Minerals plc\n \n \n (\"Firering\" or \"the Company\")\n \n \n \n \n \n First Lithium Assay Results Show Significant Intercept of 64m @ 1.24% Li2O\n \n \n \n \n \n Firering Strategic Minerals plc (\"FSM\"), an exploration company focusing on critical minerals, is pleased to announce its first set of assay results from its maiden scout diamond drill programme at its flagship\n Atex Lithium-Tantalum Project (\"Atex\"), in Côte d'Ivoire.\n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n \n \n ·\n \n Positive results received from first assays from scout drilling including:\n \n \n \n o\n \n 64m at 1.24% Li2O from 76m in hole TVDD0004, including:\n \n \n \n §\n \n 27m at 2.13% Li2O from 76m\n \n \n \n §\n \n 4.06% Li2O, the highest individual sample assay grade.\n \n \n \n o\n \n 15m at 0.59% Li2O from 37m in hole TVDD0003, including:\n \n \n \n §\n \n 4m at 1.95% Li2O from 45m.\n \n \n \n ·\n \n Confirms Atex's standing as the first potentially significant lithium exploration project in Côte d'Ivoire.\n \n \n \n ·\n \n Two out of the four scout drill holes showing grades of lithium above 0.5% Li2O.\n \n \n \n ·\n \n Additional assays expected during Q4 2022, including holes 18 and 19 that demonstrated significant pegmatite intercepts with visible spodumene.\n \n \n \n ·\n \n Second phase of exploration being prepared with Ricca Resources Ltd (\"Ricca\") following recent US$18.6 million investment agreement.\n \n \n \n \n \n \n \n Yuval Cohen, Chief Executive of Firering, said:\n \n \n \n \n \n \n \"These first assay results from our scout drilling at Atex show the first significant intercepts, including 64m, grading 1.24% Li2O. This is exceptional and amongst the best intercepts recently reported by our global peers and confirm the presence of lithium in our pegmatite system. We look forward to announcing the remaining assay results in the coming weeks, in particular the results for holes 18 and 19 for which we previously announced significant pegmatite intercepts with visible spodumene.\n \n \n \n \n \n \"Following the recently announced US$18.6m investment agreement with Ricca, the next phase of our fully fun...