American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

First Phase Drilling Successfully Completed at Abbotts North Project

by admin March 16, 2024
March 16, 2024
First Phase Drilling Successfully Completed at Abbotts North Project

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce the successful completion of its first phase drilling program at Abbotts North located 35km north of Meekatharra, Western Australia. The program has been completed on time and under budget.

HIGHLIGHTS

First phase of drilling completed, with 11 RC holes totaling 1,623m at Abbotts NorthDrilling confirms orientation and down depth continuity of the stacked pegmatite systemProgram identifies multiple pegmatite layersSamples submitted to lab for multi element analyses with results expected in AprilPegmatite mapping and sampling underway to define further drill targets

A total of 11 RC holes for 1,623m were drilled to test the main outcropping pegmatites at the Buttamiah Prospect.

The pegmatite swarms had previously been mapped over a strike length of up to 350m with the single sub-cropping pegmatites averaging between 2 to 3m width at surface.

The drilling was able to confirm the orientation and down depth continuity of the stacked system dipping between 30-50 degree to the north.

9 of 11 drill holes intercepted pegmatites of on average 1 to 3m and locally up to 4m thickness hosted within an amphibolite unit. Occasionally, lepidolite has been identified and further analyses are planned to determine the presence of spodumene in the system.

All samples have been submitted for multi element analyses with results expected in the next approximately 6 weeks.

Additional studies of the outcropping pegmatites in the larger Buttamiah Prospect area including fractionation vectoring using K/Rb ratios by ERM consultants on site suggest the core of the system to be located to the east of the current drilling.

Further mapping and sampling of the known pegmatites in this area as well as over the remaining tenement package will be completed to refine existing and define further drill targets. This includes preparations for further heritage clearance surveys. Premier1 is fully funded for any subsequent phase two drilling program.

Richard Taylor, CEO of Premier1, commented:

“In our first drilling program, we were able to confirm the continuity of the mapped pegmatites at depth and enhance our understanding of the LCT system.

Although still in the early stages, Abbotts North is gradually revealing its geological story. Further analysis of the RC samples will play a significant role in informing our next drilling targets and in evaluating the area’s lithium potential.

We look forward to updating our shareholders as we continue to explore this exciting region.”

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Jindalee Lithium
next post
The burning acid behind ant stings was spotted around two stars

Related Posts

Radiopharm Theranostics Completes A$70 Million Placement

June 28, 2024

Zim Integrated Shipping: Is now the time to...

October 2, 2024

USD/TRY forecast: lira on edge ahead of Turkish...

November 18, 2024

Affirm stock price forecast: set to enter beast...

December 7, 2024

Canadian Critical Minerals Closes Financing

May 16, 2024

Shell share price forms a risky pattern; 27%...

October 2, 2024

BT Group share price could dump as bearish...

October 15, 2024

Hempalta: Innovating the Industrial Hemp Industry

May 29, 2024

NorthStar Gaming Holdings

February 29, 2024

USD/INR forecast: what next for the rupee after...

February 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,209)
    • Investing (2,537)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved