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Be the first with the news that moves the market- Lithium Ionic (TSXV:LTH) has reported assay results from its Bandeira Property in Brazil
- The company said its hole ITDD-23-065 is its best hole drilled to date
- The hole intersected 13 well-mineralized individual pegmatite veins with high grade lithium content over widths of up to 24 metres
- Lithium Ionic has now completed 22,000 metres of the drill program to date between the Bandeira and Galvani properties
- Shares of Lithium Ionic (LTH) are up 3.17 per cent to C$2.28 as of 10:22 a.m. EDT
Lithium Ionic (TSXV:LTH) has drilled its best hole to date at its Bandeira Property in Brazil.
In a statement, the company said hole ITDD-23-065 intersected 13 well-mineralized individual pegmatite veins with high-grade lithium content over widths of up to 24 metres.
Lithium Ionic has now completed 22,000 metres of the drill program to date between the Bandeira and Galvani properties.
“Hole 65 returned exceptional results, which from a grade and thickness perspective is by far the best hole ever drilled at the Bandeira property. Although this zone of multiple new mineralized pegmatites requires further definition, we are very encouraged by the prospect of a high-grade vein system which remains completely open to expansion up dip and at depth,” Blake Hylands, CEO of Lithium Ionic, said in a release. “We believe there is strong potential to expand on this extensive body of mineralization with the ongoing drilling.”
The company’s initial 30,000 metre drill program is almost finished with five drills underway at Bandeira and two more at Galvani.
Results are expected to build towards a mineral resource estimate in Q2.
Shares of Lithium Ionic (LTH) are up 3.17 per cent to C$2.28 as of 10:22 a.m. EDT.
