Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - After drilling 11 diamond drill holes, intersects pegmatite for a total of 1,895 metres out of a planned 3,000 metres.
In ten of the eleven drill holes, company finds visible observations of lithium mineralisation, confirming a strike of lithium bearing pegmatites for 700 metres and still open-ended along strike and down dip.
"I am delighted to provide an update on our core drilling programme which is continuing successfully with pegmatites intersected in every hole. Lithium mineralisation was visually observed in ten out of the eleven holes drilled to date and we are eagerly awaiting the assay and XRD results. The discovery of yet another potential pegmatite field in the NNW of our licence area provides further support of the potential of Atex becoming the next lithium development project in West Africa," says Chief Executive Yuval Cohen.
Current stock price: 7.02 pence, up 4.0% on Thursday
12-month change: down 52%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Firering Strategic Minerals (FRG)