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Published by
Joe Toft,
Editorial Assistant
Global Mining Review,
Tuesday, 15 November 2022 15:00
Firering Strategic Minerals plc (FSM), an exploration company focusing on critical minerals, is pleased to announce its first set of assay results from its maiden scout diamond drill programme at its flagship Atex Lithium-Tantalum project (Atex), in Côte d’Ivoire.
Highlights:
Positive results received from first assays from scout drilling including: 64 m at 1.24% Li2O from 76 m in hole TVDD0004, including:27 m at 2.13% Li2O from 76 m.4.06% Li2O, the highest individual sample assay grade.15 m at 0.59% Li2O from 37 m in hole TVDD0003, including:4 m at 1.95% Li2O from 45 m.Confirms Atex’s standing as the first potentially significant lithium exploration project in Côte d’Ivoire.Two out of the four scout drill holes showing grades of lithium above 0.5% Li2O. Additional assays expected during 4Q22, including holes 18 and 19 that demonstrated significant pegmatite intercepts with visible spodumene. Second phase of exploration being prepared with Ricca Resources Ltd (Ricca) following recent US$18.6 million investment agreement.
Yuval Cohen, Chief Executive of Firering, said:
“These first assay results from our scout drilling at Atex show the first significant intercepts, including 64 m, grading 1.24% Li2O. This is exceptional and amongst the best intercepts recently reported by our global peers and confirm the presence of lithium in our pegmatite system. We look forward to announcing the remaining assay results in the coming weeks, in particular the results for holes 18 and 19 for which we previously announced significant pegmatite intercepts with visible spodumene.
“Following the recently announced US$18.6 million investment agreement with Ricca, the next phase of our fully funded exploration programme will be defined and carried out jointly. Both the Firering and Ricca senior technical teams are currently at the Atex site and the next phase of exploration will be finalised over the coming weeks. We look forward to updating the market on our combined efforts.”
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