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Morella Corporation (ASX:1MC) intercepts visual spodumene at Mallina, WA

ASX News, Materials
ASX:1MC      MCAP $15.44M
25 May 2023 13:10 (AEST)

Sieve showing spodumene from Mallina gold project Source: Morella Corporation

Exploration company Morella Corporation (1MC) has wrapped up a reverse circulation (RC) drilling program at its 51 per cent owned Mallina gold project in Western Australia’s Pilbara region.

The program aimed to define the strike lengths and and thickness of previous findings to set the foundation for a more focused resource definition program.

The program, completed by Topdrill contractors, saw 35 holes out of a planned 39-hole program drilled, totalling 2200 metres.

Of these, six drill holes intercepted pegmatites hosting spodumene of more than ten metres in width, while visible pegmatites were uncovered in 18 of 35 holes drilled.

“The completion of this drill program at Mallina has confirmed the project’s potential to deliver a significant hard rock lithium discovery,” Morella Managing Director James Brown said.

“This program has significantly enhanced Mallina’s appeal due to the favourable thickness of the pegmatites, combined with their relatively shallow depths.”

Assays from the program are expected to be released before the end of the financial year.

Morella is currently planning for the next phase of drilling infill and test extensions to enhance the project.

Morella was down 11.1 per cent, trading at 0.8 cents at 1:05 pm AEST.

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