Atlantic Lithium has expanded reserves at its Ewoyaa project in Ghana.
Atlantic Lithium Limited has added 8,000 metres (m) or 43% more to a drilling programme at its Ewoyaa lithium project in the Central Region of Ghana to expand the resource.
The additional drilling will take the programme underway currently to 26,500m, said Atlantic, with completion scheduled for the second quarter of 2024.
The Australia-based Atlantic Lithium on Thursday (19 October) secured a 15- year mining lease from the government of Ghana after meeting all the necessary requirements.
A statement issued by Atlantic Lithium on Tuesday (7 November), executive chairman of Atlantic Lithium Neil Herbert, said the additional drilling represents the commencement of an escalation in the company’s exploration efforts following the award of the mining licence.
“We are pleased to report that a further 8,000m of drilling has been planned across the Ewoyaa Lithium Project in
addition to the existing 18,500m programme. This planned drilling, which will bring the total programme to
approximately 26,500m of infill, extensional, exploration and studies drilling, follows the recent grant of the Mining Lease for the Project and represents the commencement of an escalation in the Company’s exploration efforts, which will go into Q2 2024, focused on growing the Ewoyaa Resource.
“At the same time, we continue to deliver impressive assay results from the ongoing programme. These latest results from the Ewoyaa Main, Anokyi and Ewoyaa South-2 deposits have returned multiple high-grade and broad infill intersections, including 47.6m at 1.25% from 65.7m and 28.7m at 1.51% Li2O from 79.3m, which increase the confidence in the current Resource, whilst we have extended mineralisation beyond the Resource envelope in hole GDD0093, which intersected 15.5m at 0.83% Li2O from 182.7m at Ewoyaa Main, where mineralisation remains open at depth.
“We look forward to updating shareholders on our ongoing progress, including as remaining assay results become available.”
Below is the full statement:
2023.11.07 – Exploration Update – Additional Resource Extension Drilling Planned (ASX) (1) by Fred Dzakpata on Scribd
Reporting by Fred Dzakpata
