Winter drilling yields thick lithium for Loyal in Canada

North America-focused junior Loyal Lithium Ltd (ASX: LLI) has picked up multiple high-grade results close to the surface from three known spodumene dykes at its Trieste lithium project in Canada, with three others yet to be drilled ahead of a geological survey in June which will aim to identify more targets.

The results were yielded from Loyal’s winter drilling program and included 31.8 metres of 2.2 percent lithium oxide (Li2O) from 2.9 metres from Dyke 5, including 10.2 metres at 3.0 percent Li2O; and 32.8 metres of 1.2 percent Li2O from 27.6 metres from Dyke 4, including 8.3m at 2.4 percent Li2O.

Multiple targets explored during the winter program were shown to be near surface and sub-perpendicular, as well as high in grade.

Next cab off the rank for Loyal is a geological survey which it aims to kick off in June, which is set to generate more targets and pin down the potential scale of the project through generation of a 3D model.

In addition to this, the company still has three more untested spodumene dykes to drill.

Located in James Bay, Quebec, the Trieste project lies along a greenstone belt of the same name and through this is connected to lithium projects also built around spodumene-bearing pegmatites.

This includes Winsome Resources’ 59 million-tonne Adina-Jamar project (with grades of up to 4.89% Li₂O).

Managing director Adam Ritchie said the drilling had shone a light on what might be found at Trieste, through a fairly low-cost campaign.

“The thick, shallow, and high-grade intercepts collected to date, including 31.8 metres at 2.2 percent Li2O from near surface, is starting to expose the true potential of what could lie below,” he said.

“The unique metasedimentary host rock affords us the opportunity to now deploy a cutting-edge geophysical survey that will be cross checked against the drilling results to produce
detailed 3D structural model to identify and confirm our next drilling targets.”

Loyal Lithium has been trading at 27c.