Loyal Lithium (ASX:LLI), a leading player in the lithium exploration sector, is thrilled to announce the discovery of five spodumene-rich dykes within the Trieste Lithium Project. Located south of the Trieste Greenstone Belt, these findings mark a significant milestone in the company's ongoing exploration activities.
Key Highlights:
- The Trieste Project is located in a geologically favorable setting for lithium pegmatite occurrences.
- Initial work (Phase I) involved detailed data compilation, ensuring all historical work was digitized and incorporated.
- Airborne geophysical and LIDAR surveys have been conducted to aid in target delineation.
- An aggressive 16-day prospecting and mapping program has been initiated.
- Pegmatite outcrops with lithium-bearing minerals have been identified in the first phase.
- A recommended drilling program includes 5,000 to 10,000 m of coring.
- Geological modeling is advised due to the nature of pegmatite emplacement.
Loyal Lithium's Managing Director, Mr. Adam Ritchie, expressed his enthusiasm, stating, "These discoveries are a true credit to the Loyal Lithium team and partners. We are passionate about Lithium and on a mission to play a part in the North American Lithium supply chain. Although still very early, we are excited by the potential of this fertile area south of the Trieste greenstone. The discovery of five spodumene-rich dykes gives us great confidence as we accelerate our exploration activities and prepare for drilling."
The spodumene-bearing pegmatite dykes, prominent in the landscape, span a 6 km^2 area. The most western discovery, Dyke #01, has been described as a hill, showcasing the potential scale of these findings.
Upcoming Activities
Loyal Lithium is gearing up for an extensive drilling campaign, a pivotal phase in the project's advancement. The field program will be enhanced, incorporating channel sampling, LiDAR surveys, and high-resolution geophysics to deepen the company's understanding of the geological landscape. The Dahrouge Geological Consulting team will expand to 19 field crew members, supported by at least two helicopters. Samples have been sent to SGS Laboratory for analysis, with results expected in approximately six weeks.
About us:
Loyal Lithium Limited (ASX: LLI) is a well-structured listed resource exploration company with projects in Tier 1 North American mining jurisdictions in the Northwest Territories, Canada, James Bay Lithium District in Quebec, Canada and Nevada, USA. Through the systematic exploration of its projects, the Company aims to delineate JORC compliant resources, creating value for its shareholders.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au