Join our daily newsletter At The Bell to receive exclusive market insights
- Charger Metals (CHR) reports high-grade lithium hits in 14 of 17 recent reverse circulation (RC) holes drilled at its Medcalf spodumene discovery in WA
- The company says it struck multiple stacked spodumene-pegmatites within a 100-metre-wide zone, with an aggregated thickness of up to twelve metres
- Since these 17 holes, drilled in 2022, Charger has drilled a further 23 holes over January and February 2023
- While RC drilling is still ongoing, Charger is prepping for a program of core drilling later this year to test for mineralisation at a greater depth
- Charger Metals shares close 5.41 per cent higher at 39 cents on Wednesday afternoon
Charger Metals (CHR) has reported high-grade lithium hits in 14 of 17 recent reverse circulation (RC) holes drilled at its Medcalf spodumene discovery in WA.
The hits come from the Lake Johnston lithium prospect in the Yilgarn region.
The company says it struck multiple stacked spodumene-pegmatites within a 100-metre-wide zone, with an aggregated thickness of up to twelve metres. Thicker pegmatites were recorded in the northwesternmost drill section of the project.
The top assays from the 2022 drilling work include five metres at 2.55 per cent lithium oxide from 68 metres, with a smaller two-metre zone grading 4.19 per cent lithium oxide.
Charger Metals Managing Director David Crook said these initial results were “very encouraging”.
“The drill holes reported here confirm high-grade lithium from surface down to a vertical depth of 210 metres, and the ongoing drill program is expanding the extent of the spodumene-pegmatites along the strike direction and at progressively greater depths,” Mr Crook said.
Since these 17 holes from 2022, Charger has drilled a further 23 holes over January and February 2023. The company said it hit spodumene mineralisation in all sections drilled so far.
While RC drilling is still ongoing, Charger is prepping for a program of core drilling later this year to test for mineralisation at a greater depth
Charger Metals shares closed 5.41 per cent higher at 39 cents on Wednesday afternoon.
