- Charger Metals (CHR) resumes drilling at the Medcalf spodumene prospect within its Lake Johnson lithium project in Western Australia
- Twenty drill holes are planned to test extensions to mineralised pegmatites both along strike and at depth
- The drilling program began in December with 17 holes completed prior to a break for the festive season
- Of the 17 holes, 15 returned numerous stacked spodumene-pegmatites within a 50-metre wide structural zone
- Charger Metals is down 1.16 per cent, trading at 42.5 cents at 12:40 pm AEDT
Charger Metals (CHR) has resumed drilling at the Medcalf spodumene prospect within its Lake Johnson lithium project in Western Australia.
The company’s reverse circulation drilling program first began in December and has now resumed following a break for the festive season.
Prior to the break, 17-drill holes were completed, with 15 returning numerous stacked spodumene-pegmatites across three sections.
The company said individual units were recorded up to five metres in width, with thicker pegmatites recorded on the north-westernmost drill section, indicating a possible north-westerly plunge to the mineralisation.
Charger’s Managing Director David Crook said the numerous spodumene-bearing pegmatites intersected within a 50 metre-wide structural zone provided an “encouraging start” to the maiden program, prior to the break.
“The first 17 holes have provided critical information about the orientation of mineralisation, and drilling has now resumed to test the 800 metre by 300 metre swarm of pegmatites both along strike and at depth.”
Charger told investors the current laboratory turnaround is approximately seven weeks following the submission of samples.
Charger Metals shares were down 1.16 per cent, trading at 42.5 cents at 12:40 pm AEDT.