- Lord Resources (LRD) intersects pegmatite in all 32 drill holes completed to date at its Horse Rocks lithium project in Western Australia
- The company says 50 per cent of its planned reverse circulation (RC) drilling is now complete, for more than 2500 metres, with assays pending
- According to Lord, drilling struck multiple wide zones of pegmatites up to 27 metres in thickness
- The company says it expects first assay results in around two to three weeks
- LRD shares are up 2.7 per cent to 19 cents at 11:16 am AEDT
Lord Resources (LRD) has struck pegmatite in all 32 drill holes completed to date at its Horse Rocks lithium project in Western Australia.
It marks 50 per cent completion of the current reverse circulation (RC) drilling program at Horse Rocks, for a total of 2560 metres, with assays pending.
Lord said it intersected wide zones of pegmatites up to 27 metres in thickness downhole.
“Our exploration team has made a strong start at the Horse Rocks project, with over 2500 metres completed and all holes thus far encountering potentially lithium-bearing
pegmatites,” LRD Managing Director Barnaby Egerton-Warburton said.
The company’s drilling is taking place across five areas of high-priority geochemical anomalism, where multiple pegmatite swarms have been mapped.
Mr Egerton-Warburton said the company expects first results from drilling in around two to three weeks.
The project is located in WA’s emerging lithium Super-Province, nearby Mineral Resources (MIN) and Essential Metals (ESS) efforts in the region.
LRD shares were up 2.7 per cent to 19 cents at 11:16 am AEDT.