Morning Trading July 28, page-2

  1. FXm
    42,585 Posts.
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    Green Critical Minerals Ltd (“GCM” or “the Company”) is pleased to update the market on an exciting development at the company’s 100% owned Torrington project in northern NSW about 250km SSW of Brisbane by road.

    Diamond core samples from hole TOR001C drilled in 2017 were re-examined and two samples collected from the remaining stored sawn half core were submitted for lithium analysis, returning significant Li2O grades of 0.35% and 0.45%. This grade range and mineralization style are strikingly similar to the San Jose lithium deposit (ASX INF), which is Europe's second-largest hard rock lithium deposit. This correlation raises our confidence in the newly recognised lithium potential of the Torrington Project.

    The formation of lithium-rich micas in the metasedimentary host rocks is believed to be the result of the infiltration of granite-derived lithium and fluorine-rich aqueous fluids through fractures related to shearing.

    This geological process has resulted in the occurrence of distinct layers of lithium-bearing metasediments within the tungsten-rich silexite orebodies, indicating the coexistence of several critical minerals in the mineralised system.

    Last edited by FXm: 28/07/23
 
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