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The Market Online - At The Bell

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  • QX Resources (QXR) is set to begin a maiden 1500-metre reverse circulation drilling program at its Turner River hard rock lithium project in WA later this month
  • The drilling will target three areas, including a high-grade lithium zone around the recently-reported rock chip samples of 4.9 per cent lithium oxide at the Carbonate Hill prospect
  • A program of works submitted by QXR for the drilling has been approved, and contractor Topdrill will begin the work in the last week of November
  • Meanwhile, QXR has engaged technical consultant Resource Potentials to undertake a thorough geophysical database review and oversee the drilling
  • Shares in QXR are up 1.69 per cent and trading at 6 cents at 2:36 pm AEDT

QX Resources (QXR) is set to begin a maiden 1500-metre reverse circulation (RC) drilling program at its Turner River hard rock lithium project in WA later this month.

The drilling will target three areas, including a high-grade lithium zone around the recently-reported rock chip samples of 4.9 per cent lithium oxide at the Carbonate Hill prospect.

A program of works submitted by QXR for the drilling has been approved, and contractor Topdrill will begin the work in the last week of November

Meanwhile, QXR has engaged technical consultant Resource Potentials to undertake a thorough geophysical database review and oversee the drilling.

“QXR was fortunate to secure a drill rig for prompt initial testing at Turner River over a significant area of lithium mineralisation, which we interpret extends undercover,” Managing Director Steve Promnitz said

“Results will be used to plan more detailed works, with further surface sampling and detailed geophysics.”

Shares in QXR were up 1.69 per cent and trading at 6 cents at 2:36 pm AEDT.

QXR by the numbers
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