- Shares in Enterprise Metals (ENT) soar after the company encounters elevated lithium values over the Matheson Pegmatite on the Bingin Peninsula in Western Australia
- A total of 16 soil samples were collected with 11 recording lithium values equal to or greater than 50 parts per million (ppm) with grades peaking at 106 ppm
- While the initial focus was on the Matheson Pegmatite, Enterprise’s GeoEye image also showed two quartz scree areas with orientation soil sampling currently in progress
- Based on the results, a systematic soil sampling program over the Matheson Pegmatite has been planned
- Shares in Enterprise are up 46.4 per cent and are trading at 2.1 cents
Shares in Enterprise Metals (ENT) were up as much as 46.4 per cent today after encountering elevated lithium values over the Matheson Pegmatite on the Bingin Peninsula.
The Bingin Peninsula is situated within the Bullfinch North Project which lies in the Southern Cross Greenstone Belt of Western Australia.
The project covers roughly 238 square kilometres of granted tenements over Archaean greenstone lithologies prospective for orogenic gold deposits.
A total of 16 soil samples were collected with 11 recording lithium values equal to or greater than 50 parts per million (ppm), with grades peaking at 106 ppm.
The samples were prepared and analysed by Portable Spectral Services in West Perth, who are leaders in the lithium detection field.
While the initial focus was on the Matheson Pegmatite, Enterprise’s GeoEye image also showed two quartz scree areas west of Matheson with orientation soil sampling currently in progress.
Based on the results, a systematic soil sampling program over the Matheson Pegmatite has been planned.
Shares in Enterprise were up 46.4 per cent on the market and were trading at 2.1 cents at 12:52 pm AEDT.