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- Widgie Nickel (WIN) begins reverse circulation (RC) drilling at the recently-discovered Faraday lithium prospect within its Mt Edwards project in Western Australia
- The company discovered the prospect during field reconnaissance work, with rock chip assays confirming lithium pegmatites over 600 metres of strike
- The drill program will include six holes and is designed to give Widgie Nickel an idea of the area’s geometry and to help it determine the distribution of spodumene at depth
- Widgie Nickel hopes the drilling will be done before the Christmas break so it can plan follow-up work, ready to hit the ground running in the new year
- WIN shares are up 10.91 per cent to 30.5 cents at 10:38 am AEDT
Widgie Nickel (WIN) has begun a reverse circulation (RC) drilling program at the Faraday lithium prospect within its Mt Edwards project in Western Australia.
The company discovered the Faraday prospect during field reconnaissance work, with rock chip assays confirming lithium-bearing pegmatites outcropping over 600 metres of strike with surface expressions of up to 25 metres wide.
Up to 14 rock chip samples also showed the presence of visible spodumene, with high-grade values of 2.91, 2.04, 3.6 and 3.7 per cent lithium.
The company said that due to the Mt Edwards project being subject to limited historical exploration, the recent rock chip results highlighted the “promising potential” of the project area
“We will quickly get an idea of the geometry and determine the underlying spodumene distribution at depth so we can better target a more expanded drill program early in the New Year. Bring it on!” Widgie Managing Director Steve Norregaard said.
The RC drilling program will include six holes for roughly 740 metres, and the company expects it to take around a week to complete.
Once drilling is finished, the company will send the drill core samples to a Perth-based lab for processing.
Widgie Nickel hopes to receive assays before the Christmas break so that it can plan follow-up work for early 2023.
WIN shares were up 10.91 per cent to 30.5 cents at 10:38 am AEDT.
