Business
Update on Atex Lithium-Tantalum Project
Update on Atex Lithium-Tantalum Project.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n\n \nFirering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n \n20 September 2023\nFirering Strategic Minerals Plc\n (\"Firering\" or the \"Company\")\nUpdate on Atex Lithium-Tantalum Project:\nPart 1 of Phase II auger drilling campaign completed with six new pegmatite zones identified\nCommencement of 3,000 metres RC drilling campaign\n \nFirering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce that it has completed part 1 of its Phase II auger drilling campaign at Atex Lithium-Tantalum Project (\"Atex\"), its flagship lithium project in Côte d'Ivoire which has resulted in the identification of six new pegmatite zones. Firering, in conjunction with Ricca Resources (\"Ricca\"), is now planning to commence its initial round of Reverse Circulation (\"RC\") drilling targeting these zones in Q4 2023.\nHighlights\n· A total of 14,116 soil samples were collected during the large-scale soil sampling campaign and tested in Atlantic Lithium's laboratory in Ghana using portable x-ray fluorescence spectrometry (\"pXRF\") and Laser Induced Breakdown Spectrometry (\"LIBS\"), with over 50% of the results reported in May (announced on 30 May 2023).\n· A total of nine target areas were identified, including six new pegmatite zones in some of the target areas, and have been geologically mapped in detail. The recent auger campaign focused initially on three of the nine target areas.\n· A total of 1,039 holes were drilled during part 1 of the Phase II auger drilling campaign for a total of 6,015m of drilling and an average depth of hole of 5.79m. End of Hole (\"EOH\") samples clearly identified previously unidentified pegmatites.\n· An initial 3,000m of RC drilling is planned to better define the pegmatites identified during the auger drilling in terms of mineralisation, size and orientation.\nYuval Cohen, Chief Executive Officer of Firering, said:\n\"I am delighted to announce that Firering, in conjunction with Ricca, has completed the first part of its planned Phase II auger drilling campaign, after successfully having completed its large-scale soil sampling campaign in May 2023.\n\"Our partnership with Ricca has allowed us to significantly accelerate the work at Atex t...