Business
Phase II of Auger Drilling Campaign commenced
Phase II of Auger Drilling Campaign commenced.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n\nFirering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n \n11 July 2023\n \nFirering Strategic Minerals plc\n(\"Firering\" or \"the Company\")\n \nPhase II of Auger Drilling Campaign commenced successfully.\npXRF and LIBS results North Block Imminent.\n \nFirering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce the successful commencement of its Phase II Auger Drilling Campaign at its flagship Atex Lithium-Tantalum Project (\"Atex\") in Côte d'Ivoire. The Phase II Auger Drilling Campaign is undertaken in conjunction with Ricca Resources Limited (\"Ricca\") following its US$18.6 million investment to advance Atex to Definitive Feasibility Study (\"DFS\") announced on 2 November 2022.\n \nHighlights:\n \n· Phase II of the Auger Drilling Campaign successfully commenced on 26 June 2023;\n· Several drilling target areas were delineated based on soil sample results and geological mapping;\n· A total of 256 auger holes have been drilled as of 06 July 2023 for a total of 1,147m of drilling;\n· Portable x-ray fluorescence spectrometry (\"pXRF\") and Laser Induced Breakdown Spectrometry (\"LIBS\") results for the soil samples from the northern block in Atex expected shortly.\n \nYuval Cohen, Chief Executive of Firering, said:\n \n\"I am excited to announce that, together with Ricca, we have now commenced our Phase II auger drilling campaign which is progressing very well. A total of 300 holes were drilled as of 8 July 2023 for a total of 1,341m of drilling, resulting in an average hole depth of 4.48m. All auger holes are being sampled and tested with pXRF in our camp in Tounvré with the End of Hole (\"EOH\") sample being sent to Ghana for pXRF and LIBS testing. Auger lines have been planned across all of the six initial target areas that were delineated based on received soil sample results and detailed geological mapping.\n \nAuger Drilling\nPhase II of the Atex auger drilling campaign commenced on 26 June 2023. As of 8 July 2023, 300 holes have been completed for a total of 1,341m of drilling. The average auger hole depth to date is 4.48m, ranging from a minimum of 2m to a maximum of 12m. As mentioned in FSM's a...