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- Eastern Resources (EFE) hits numerous intercepts of anomalous lithium, tantalum and tin at its Trigg Hill lithium project in Western Australia
- The company received results from a maiden reverse circulation (RC) drilling program which intercepted two pegmatites confirmed to contain spodumene
- The second phase of work comprised 14 holes totalling 2310 metres, which also intercepted pegmatites to the north and west of the phase one drilling
- The Executive Director says the phase three drilling will aim to extend the zones of fractionated pegmatite swarms at both Curlew and Trigg Hill
- Eastern Resources shares tumble 33.6 per cent to 1.8 cents at 11:55 am AEDT
Eastern Resources (EFE) has seen its shares tumble, despite news it has hit numerous intercepts of anomalous lithium, tantalum and tin at its Trigg Hill lithium project in the East Pilbara, Western Australia.
The company received results from a maiden reverse circulation (RC) drilling program completed in October 2022.
The drilling intercepted anomalous lithium, including two pegmatites which have been confirmed to contain spodumene, and saw peak assays of 1.41 per cent lithium oxide.
The first phase of drilling was designed to test a number of vertical and low angle pegmatites with shallow, wide-space RC holes to obtain an understanding of zonation and lithium mineralisation.
The second phase comprised 14 holes totalling 2310 metres, which also intercepted pegmatites to the north and west from the phase one drilling.
Of the 14 holes drilled, 13 intersected pegmatites, returning results including five pegmatite intervals totalling 26 metres from 150 metre hole, including 19 metres from 108 metres.
“The confirmation of the presence of spodumene bearing pegmatites is an important step in exploration,” Executive Director Myles Fang said.
“Phase two drilling has apparently extended the known limits of pegmatites in the eastern Curlew area.
“Up to now, Trigg Hill is one of the limited number of locations in the Pilbara where spodumene has been confirmed in drilling.”
The Executive Director said phase three drilling will next aim to extend the zones of fractionated pegmatite swarms at both Curlew and Trigg Hill.
Eastern Resources tumbled 33.6 per cent, trading at 1.8 cents at 11:55 am AEDT.
