IronRidge Resources Limited, an African focused minerals exploration company, has reported multiple high-grade reverse circulation (RC) drilling intersections from the third phase drilling programme at the Ewoyaa, Abonko and Kaampakrom projects within the Cape Coast Lithium Portfolio in Ghana, West Africa.
Highlights
- Multiple broad and high-grade drilling results received for third phase reverse circulation (RC) drilling programme completed at the Ewoyaa, Abonko and Kaampakrom Projects.
- Total 12 669 m of RC drilling completed in 97 drill holes for the third phase programme and reported herewith.
- Multiple high-grade drill intersections reported at Ewoyaa and Abonko including highlights of:
- 40 m at 1.45% Li2O from 54 m.
- 34 m at 1.43% Li2O from 76 m.
- 31 m at 1.5% Li2O from 72 m.
- 28 m at 1.49% Li2O from 37 m.
- 19 m at 1.82% Li2O from 103 m.
- Highest grade interval drilled to date of 1m at 4.47% Li2O in hole GRC0164.
- Results at Ewoyaa and Abonko have extended known mineralisation along strike and at depth from previously reported results with mineralisation remaining open in most directions.
- Visual observations from RC drill chips and diamond drill core confirms coarse spodumene as the dominant lithium mineral.
- New discovery confirmed at Kaampakrom; 1 km north of Ewoyaa with high-grade drill intersections (Reported at a 0.4% Li2O cut-off with maximum 4 m of internal dilution) reported including highlights of:
- 7 m at 1.82% Li2O from 92 m.
- 6 m at 1.64% Li2O from 65 m.
- Kaampakrom discovery confirms further spodumene pegmatite exploration potential within the Cape Coast Portfolio.
- Targeting JORC compliant Maiden Mineral Resource Estimate (MRE) for 1Q20.
Commenting on the Company’s latest progress, Len Kolff, Chief Operating Officer of IronRidge, said:
“We are delighted with the third phase drilling results, which will be incorporated into the MRE and have significantly enhanced the Ewoyaa North-East target as well as extended the Ewoyaa Main and Abonko targets. First pass high-grade results returned for Kaampakrom confirm the new discovery 1km north of Ewoyaa, and significantly the potential for additional spodumene pegmatite discoveries within the tenement portfolio.
“We returned our highest grade 1m drill interval to date at 4.47% Li2O in hole GRC0164 within the Ewoyaa North-East target; this represents a near solid 1 m interval of spodumene.
“We are now working towards delivering our maiden MRE in 1Q20. In the meantime, field teams continue to develop and advance the project portfolio with ongoing regional exploration programmes, baseline monitoring and drill site re-vegetation works.”
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