- Global Lithium (GL1) receives results from two reverse circulation (RC) holes drilled at the Marble Bar Project in Western Australia
- The two holes were drilled at the Twin Veins gold prospect to target outcropping quartz veining
- Grades peaked at 9.91g/t gold and Global Lithium will use the results to plan additional exploration programs
- Global Lithium has ended the day 7.14 per cent in the red with shares trading at 26 cents
Global Lithium (GL1) has received results from two reverse circulation (RC) holes drilled at the Marble Bar Project.
The Marble Bar Project lies 150 kilometres southeast of Port Hedland and 15 kilometres northwest of Marble Bar in Western Australia.
In June 2020, a maiden JORC inferred mineral resource of 10.5 million tonnes at one per cent lithium oxide was released.
The two RC holes were drilled on tenement E45/4631 at the Twin Veins gold prospect to target outcropping quartz veining.
Twin Veins is a one-kilometre-long soil and rock chip geochemical anomaly with previous rock chip sampling returning up to 54.60 grams of gold per tonne (g/t).
Best new results include 12 metres at 2.95g/t gold from 37 metres including three metres at 9.91g/t gold from 40 metres; and three metres at 1.10g/t gold from 81 metres.
Global Lithium is now reviewing these results and will use them to plan additional exploration programs.
Managing Director Jamie Wright was pleased with the results received.
“It’s early days for GL1 on the ground targeting gold, and these first pass results provide us with meaningful intercepts and encouragement to continue to build a gold asset base in parallel with our lithium development milestones,” Mr Wright commented.
“These initial gold drilling results give us confidence in the exploration potential of GL1’s under-explored tenement package.”
Global Lithium has ended the day 7.14 per cent in the red with shares trading at 26 cents in a $36.90 million market cap.