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Be the first with the news that moves the market- Global Battery Metals (GBML) has received a drill permit to advance its Leinster Lithium Project in Ireland
- The company will investigate potential lithium-cesium-tantalum pegmatite geochemical trends and a broad spodumene pegmatite boulder train at surface
- The drill team, to be deployed in the coming weeks, will follow up on samples returning Li2O contents up to 3.75 per cent or 17,000 ppm Li
- Global Battery Metals is a mineral exploration and development company with a focus on metals that support the rapid evolution to battery power
- Global Battery Metals (GBML) opened with a gain of 3.57 per cent trading at $0.145 per share
Global Battery Metals (GBML) has received a drill permit to advance its Leinster Lithium Project in Ireland.
The permit enables up to 10 drill holes over a multi-stage diamond core drilling program, which will target an area of an historically reported trenched bedrock occurrence coincident with several highly anomalous LCT pegmatite (lithium-cesium-tantalum) geochemical trends. This, when considered with a broad spodumene pegmatite boulder train at surface, is interpreted to indicate up to six potential dikes extending across a prospective lithium trend on Prospecting Licence Area 1597 (Knockeen Prospect).
The known extent of the boulder train is now over 1 km in length from NE to SW, 0.5 km from NW to SE and is still open in all directions.
Significant sampling and mapping across the Knockeen Prospect in 2022 supports the dikes’ presence, returning Li2O contents up to 3.75 per cent or 17,000 ppm Li.
The company anticipates having a drill team mobilized within the coming weeks.
Global Battery seeks to raise up to $1 million through a non-brokered private placement to support the multi-stage Leinster drill program.
All securities issued will be subject to a statutory four-month hold period under applicable Canadian securities laws.
“The need to identify viable sources of domestic European lithium across geopolitically-friendly jurisdictions continues to drive commercial interest among key European industry participants,” stated Michael Murphy, CEO of Global Battery Metals. “We believe the Leinster Project will be a future contributor in this regard.”
Global Battery Metals is a mineral exploration and development company with a focus on metals that support the rapid evolution to battery power. It maintains economic interests in four battery metal projects in Ireland, Utah, Newfoundland and Peru.
Global Battery Metals (GBML) opened with a gain of 3.57 per cent trading at $0.145 per share.
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