Balkan (ASX:BMM) hasten on George Lake lithium promise
October 6, 2022Balkan Mining and Minerals has launched into priority exploration of up to 6.8 per cent lithium (Li2O)at the Gorge Lithium exploration project located in Canada’s emerging Thunder Bay North Mining District of Ontario in Canada.
Surface trenching will provide valuable geological observations of the pegmatites where indicative rock samples showed values above 3.78%, with the two highest results returned at 5.75% and 6.80%.
The Thunder Bay region of Ontario has been the focus of lithium pegmatite exploration works with the delineation of hard rock lithium deposits, including Rock Tech Lithium Inc’s Georgia Lake project in 2021 and Imagine Lithium Inc’s (TSX.V ILI) Jackpot Lithium project and works carried out by Ultra Lithium Inc (TSX.V-ULT) Georgia Lake and Forgan Lake Projects, to name a few.
The Company has commenced mapping and sampling the entire project area. This is planned to be followed by trenching and soil analysis.
“I would like to thank our dedicated team on the ground who have not wasted a moment to get our work project underway,” Managing Director Ross Cotton said.
“I also again thank our team in both Australia and Serbia who have worked tirelessly to move BMM forward.
“We are extremely excited about our strategic move into a Tier 1 mining Jurisdiction in Ontario, Canada. The initial results were a great start for the Company, we look to build on these results as we embark on our planned mapping, sampling and trenching programs.”
Subject to favourable results, BMM intends on drilling throughout the fall and winter as the appropriate drilling targets are identified.
The Company’s ASX listed shares are 31c at Market Open.
About Balkan Mining and Minerals
Balkan Mining and Minerals is an ASX-listed company focused on the early-stage exploration through the development of borate and associated lithium in Canada and the Balkans. The Company’s Projects comprise the Gorge Lake lithium project in Canada and the Rekovac, Dobrinja and Pranjani Lithium-Borate Projects, located within the Republic of Serbia.
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