Balkan (ASX:BMM) shows promising signs at Gorge Lithium
November 22, 2022Balkan Mining and Minerals intersected up to 0.60m thick sample of spodumene uncovered showed an approximate width of 14.3m as part of the Company’s work program at the Gorge Lithium exploration project located in Canada’s emerging Thunder Bay North Mining District of. Ontario
The standout channel sample was collected as one of 34 samples obtained from seven mechanically cut channels totalling 21.6m within a dyke cluster – the largest single dyke intersecting a width of 3.80m.
The new pegmatite occurrence is 68m to the south and approximately 50m offset from the strike of the known dykes.
Prospecting and sampling at the Nelson occurrences represented the most significant findings during the program. The most promising portion of the Nelson area is a cluster of 1.8m part of the dyke
“The channel sampling program, along with the geological mapping that has been completed over both the Koshman and Nelson spodumene-bearing pegmatite areas, has provided us with an encouraging indication of the potential size of the project,” Managing Director Ross Cotton said.
The channel samples from the program will be dispatched to ActLabs in Ontario shortly, and the assay results will be reported once they become available.
Price Action
The Company’s ASX-listed shares are 29c at Market Open.
Next Steps
Follow-up work is recommended to seek to expand the pegmatite exposures along the strike and explore the newly identified pegmatites.
About Gorge Project
The Gorge Lithium Project is located approximately 215 km northeast of Thunder Bay, Ontario, and about 60 km southwest of Geraldton, Ontario. The Project site is accessed via Trans Canada Hwy 11 with entry points along well-graded gravel logging roads starting 40 km north of Nipigon/Trans Canada Hwy 14/11 intersection (Gorge Creek Road) and Camp 51 Rd, approximately 33 km west of Geraldton.
Access to the Koshman and Nelson mineral occurrence sites was ideal along foot access (path) points 1.4 km and 0.3 km from the Gathering Lake Outfitters wilderness/hunting camp. Access to the Project, as indicated above, is clear and close to Trans Canada Hwy 11 near the towns of Nipigon and Geraldton.
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