Balkan (ASX: BMM) gets off to ‘exceptional’ start at Gorge Lithium

Balkan Mining and Minerals has reported lithium (Li2O) values as high as 6.80 per cent while carrying out due diligence at the Gorge Lithium exploration project located in the Georgia Lake Area, part of the Thunder Bay North Mining District of Ontario, Canada.

Five grab samples included Li2O values above 3.78 per cent, with the two highest results at 5.75 and 6.8 per cent.

The project’s tenements are part of the larger Georgia Lake pegmatite district, which is known to host late-stage pegmatite mineralised deposit types that contain rare elements including lithium, beryllium, tantalum, niobium and tin, including Rock Tech Lithium Inc’s (TSX-V: RCK) Georgia Lake project.

The Company said the initial results are a welcome beginning following $1.5 million shareholder capital raising and its decision to diversify into a Tier 1 mining Jurisdiction in Ontario, Canada.

“The initial results are a great start for the Company as we plan on a mapping, sampling and trenching program to commence during the Canadian fall. We thank CSA Global, our Canadian vendors and our brilliant team to get us off to such a promising start,” Managing Director Ross Cotton said.

The Company’s ASX listed shares are 30.5c at market open.

Balkan Mining and Minerals

Balkan Mining and Minerals is focused on an early-stage exploration through the full development of lithium and boron mining in the Balkan region. The Company is committed to building an ethical resource portfolio backed by strategic partnerships and guided by an experienced board and management with regional expertise.