Firering Strategic Minerals appoints drilling contractor

Highlights:

• FOREMI to spearhead 3000 m of diamond drilling scheduled to commence in mid-2Q22 – 11 drill targets identified to intercept the potentially lithium bearing pegmatite veins at Atex.
• Auger drilling, soil sampling, and mapping work of the Atex licence area has indicated continuation of the potential lithium bearing pegmatites on either side of Spodumene Hill as well as more lepidolite floats.
• Diamond drilling at lithium bearing pegmatite targets marks the next crucial phase of exploration at Atex. Phase one, comprising of auger drilling and soil sampling, was completed by Royal Mining with results validating the recent interpretation of the strike extent of the pegmatites on both sides of Spodumene Hill deposit.
• Lithium prices surging ahead – battery-grade lithium carbonate (EXW China, ≥99.5% Li₂CO₃) averaging US$76 700/t in March 2022, up 95% since the beginning of 2022 and 500% year-on-year.

Yuval Cohen, CEO of Firering, comments:

“The appointment of FOREMI marks another major milestone for Firering as we embark on the next all-important phase of core drilling at our flagship Atex dual lithium-tantalum project to intercept fresh pegmatite. The world urgently needs more critical minerals, and we believe that the Atex Project has the potential to become the next major lithium resource in West Africa.

“FOREMI is a highly reputable drilling contractor with extensive experience in West Africa with tier-one miners and we look forward to working with them on site in the months ahead as we progress Atex to the next phase.”

Read the article online at: https://www.globalminingreview.com/mining/13042022/firering-strategic-minerals-appoints-drilling-contractor/