IronRidge Resources reports final Ewoyaa drill results

Highlights

• Highest metal content intersection (lithium grade multiplied by meters) reported to date in the resource expansion programme of 53 m at 1.34% Li₂O from 80 m in hole GRC0392.
• Additional high-grade lithium pegmatite intersections reported in reverse circulation (RC) drilling results at the Ewoyaa North target adjacent to the ELP, including highlights at a 0.4% Li₂O cut-off and maximum 4m of internal dilution of:
  • GRC0392: 53 m at 1.34% Li₂O from 80 m.
  • GRC0393: 32 m at 1.34% Li₂O from 87 m.
  • GRC0393: 19 m at 1.17% Li₂O from 56 m.
  • GRC0392: 13 m at 0.93% Li₂O from 25 m.
  • GRC0391: 12 m at 0.93% Li₂O from 84 m.
  • GRC0390: 11 m at 1.01% Li₂O from 66 m.
• Additional high-grade lithium pegmatite intersections reported in RC drilling results at the Grasscutter target adjacent to the ELP, including highlights at a 0.4% Li₂O cut-off and maximum 4 m of internal dilution of:
  • GRC0374: 28 m at 1.35% Li₂O from 97 m.
  • GRC0377: 19 m at 1.37% Li₂O from 76 m.
  • GRC0397: 15 m at 1.6% Li₂O from 136 m.
  • GRC0369: 12 m at 1.44% Li₂O from 70 m.
  • GRC0372: 11 m at 1.29% Li₂O from 105 m.
  • GRC0398: 11 m at 1.29% Li₂O from 78 m.
  • GRC0399: 11 m at 1.24% Li₂O from 78 m.
  • GRC0377: 6 m at 2.12% Li₂O from 102 m.
  • GRC0384: 13 m at 0.97% Li₂O from 147 m.
  • GRC0384: 8 m at 1.56% Li₂O from 135 m.
  • GRC0370: 9 m at 1.37% Li₂O from 129 m.
  • GRC0385: 10 m at 1.17% Li₂O from 158 m.
  • GRC0388: 10 m at 1.11% Li₂O from 58 m.
  • GRC0401: 7 m at 1.44% Li₂O from 161 m.
• All assay results now reported for the resource expansion drilling programme with the remaining 5443 m of drilling reported herewith.
• 25 612 m resource expansion programme now completed with infill resource drilling and metallurgical diamond core drilling now underway with five drill rigs on site.
• Ideal infrastructure support: projects located within 110 km of the operating Takoradi deep-sea port, within 100 km of the capital Accra and adjacent to the sealed Takoradi-Accra highway and high-power transmission lines.
• Highly supportive government; long mining history, strong diversification drive and pro-renewable and stored energy space initiatives.
• Increasing lithium demand due to its role in the stored energy transition.

Vincent Mascolo, Chief Executive Officer of IronRidge, said: “We have returned our best drill intersection to date with the highest metal content observed (lithium grade multiplied by meters) for the resource expansion programme at the Ewoyaa North target.

“The resource expansion drilling programme has now been completed and we will maintain momentum with five drill rigs currently active on site for the resource infill programme.

“The board remains confident the additional exploration targets will increase resource scale and improve project economics, where we have defined Ghana's first lithium JORC compliant resource of 14.5 million t at 1.31% Li₂O, within 110 km of an operating deep-sea port.

“Infill resource, metallurgical and hydro monitoring drilling is well underway in addition to metallurgical test-work in support of planned feasibilty studies.

“The company is ideally positioned to take advantage of the increasing demand for lithium due to its role in the stored energy transition and looks forward to keeping shareholders up to date as the Ewoyaa Project progresses.”

Read the article online at: https://www.globalminingreview.com/exploration-development/14092021/ironridge-resources-reports-final-ewoyaa-drill-results/