- Future Battery Minerals (FBM) reports “exceptional” assays from a phase two RC drilling program at its Nevada lithium project in the USA
- Results reveal the presence of thick lithium claystone at its Lone Mountain prospect
- Assays include 179.8 metres at 766ppm lithium from 39.6 metres
- A maiden MRE is targeted for Q1 2024
- FBM is up 9.52 per cent, trading at 11.5 cents at 1:43 pm AEST
Future Battery Minerals (FBM) has unveiled “exceptional” assay results from a phase two drilling program at its Nevada Lithium Project (NLP) in the United States.
The results confirmed the presence of thick and shallow lithium-bearing claystone at the Lone Mountain prospect within the NLP.
The phase two drilling program builds on the success of the company’s phase one program.
In this latest program, downhole thicknesses of up to 179.8 metres were confirmed.
The mineralised strike length now spans three kilometres east-west and 1.3 kilometres north-south, with potential to extend an additional two kilometres southward.
Future Battery Minerals plans to commence phase three drilling in September 2023 to infill and extend the mineralised trend in the Nevada Lithium Project. The drilling program will comprise both reverse circulation (RC) and diamond core drilling (DD), with a focus on defining a maiden mineral resource (MRE) by Q1 2024.
Future Battery Minerals was up 9.52 per cent, trading at 11.5 cents at 1:43 pm AEST.