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IronRidge Resources Ltd.
Summary
| Project: | Ewoyaa | |
|---|---|---|
| Deposit: | Ewoyaa | |
| Location: | Ghana | |
| Commodities: | Lithium | |
| Date: | 10/8/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-10-2018: IronRidge Resources Ltd. announces an Exploration/Drilling Update report for its Ewoyaa deposit at the Ewoyaa project. Drilling results incl. 72.0m @ 1.27% Li2O from 24m. IronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lennard Kolff (Internal) | |
| ABSTRACT: | IronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to announce additional high-grade lithium drilling results from the Ewoyaa Project in Ghana, West Africa. Commenting on the Company's latest progress, Len Kolff, Chief Operating Officer of IronRidge, said: "Ongoing positive drilling results including 72m @ 1.27% and 67m @ 1.21% Li2O as well as high-grade intersections including 38m @ 1.65% Li2O continues to confirm Ewoyaa as a significant discovery and provides the Company with confidence for further exploration success within the portfolio.""High grades over significant intervals and proximity to essential infrastructure coupled with the pro-mining and stable jurisdiction of Ghana bodes well for the future development of the Cape Coast Lithium Portfolio.""Essential infrastructure including roads and power, within 100km trucking distance of an operational deep-sea port and a well-trained local workforce is a significant advantage for the project with potential for a low capital and operational intensity start-up." "Results received to date indicate the development of a broad, continuous high-grade zone within the Central and North Extension zones which remains open to the north, with additional drilling results pending.""Field teams have commenced a pitting programme to further define the Ewoyaa pegmatite footprint along the North Extension ahead of drilling programmes.""Planning is underway for a metallurgical diamond drilling programme, which is planned to commence post receipt of the remaining 1,704m of drilling results.""Field teams are finalising the regional soils programme across the Cape Coast Lithium Portfolio and rapid analysis using our handheld LIBS lithium analyser to define exploration targets ahead of pitting and drilling.""The Ewoyaa Project occurs within one of nine lithium licenses the Company holds in Ghana and represents the most advanced exploration project in the portfolio." | |
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