GCIAtlantic Lithium reports more high-grade intercepts at Ewoyaa, expects resource upgrade in 2024
() , an Africa-focused lithium explorer, announced multiple broad intervals of visible spodumene observed in drilling outside the current Mineral Resource Estimate (MRE) at its flagship Ewoyaa lithium project in Ghana.
Atlantic reported the longest continuous pegmatite interval intercepted from its ongoing recently-enhanced 2023 drilling programme of 106m in hole GRC1020 from 6m on the northern tip of the Ewoyaa main deposit.
Additionally, visible coarse-grained spodumene fragment intervals were reported at shallow depths in holes GRC1017 (51m interval at 25-30% from 83m), GRC1020 (74m interval at 20-25% from 39m and a 41m interval of 20-25% from 137m), and GRC1021 (24m interval of 15-25% from 93m).
Atlantic's resource drilling at Ewoyaa is ongoing, with completion of the enhanced 26,500m planned programme targeted for Q2 2024.
View from Vox
Atlantic Lithium has announced multiple broad intervals of visible spodumene at its flagship Ewoyaa lithium project in Ghana, all in near-surface drilling outside the current resource estimate (MRE). The discovery significantly increases the potential for a resource upgrade at Ewoyaa, and the coarse-grained P1-type spodumene intercepted is preferred for the Dense Media Separation (DMS) process considered in the Definitive Feasibility Study for the project.
Particularly exciting is the interception of the longest pegmatite interval at 106m in the drilling programme to date. Located outside the current resource footprint and occurring only 6m from surface, the interval includes highlight intersections of visible coarse-grained spodumene over 74m from a depth of 39m and over 41m from a depth of 137m, respectively.
The expected upgrade to the MRE should be delivered upon completion of Atlantic's current drilling programme at Ewoyaa in Q2 2024.
Ewoyaa is firmly on the path to production following last month's historic grant of a Mining Lease by the government of Ghana that made Atlantic the first company to be given permission to mine lithium in the country. Alongside recently extended exploration programmes, good progress is being made toward shovel readiness, with permitting well underway. Commencement of construction is targeted for late 2024, and initial production for early 2025.
Follow News & Updates from Atlantic Lithium:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.