Balkan (ASX:BMM) shows promising signs at Tango
Balkan Mining and Minerals helicopter geometric survey has highlighted “highly favourable” lithium hosting features demanding priority reconnaissance fieldwork at its Tango lithium project in Ontario, Canada.
The 192-line kilometre survey revealed the features favourable for hosting lithium typically caused by faults, fractures and shear zones.
Residual Total Magnetic Intensity with equal area colour distribution
The Company said the survey seeks to define the extent and geometry of intrusions and structures, particularly in areas concealed by transported overburden.
It said the results would provide a better understanding of the structural fabric of the Tango probject.
“The heliborne geomagnetic survey data is an important tool in assisting in the identification of priority areas,” Managing Director Ross Cotton said.
“We look forward to utilising this data to more efficiently guide our field program at Tango in 2023.
“In line with our growth strategy, we are pleased to have listed on the FSE to further broaden our stakeholder engagement.
”We look forward to welcoming new retail and institutional investors to our Company as we proceed with our lithium exploration activities.”
Price Action
Balkan Mining and Minerals (ASX:BMM) shares are 38c at pre-Market Open.
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About Tango Lithium Project
The Tango Lithium Project comprises of 41 claim units (864ha) covering known pegmatite occurrences within the highly prospective Georgia Lake pegmatite field. The Project is located along the southern shore of Georgia Lake, approximately 31km southwest of the Company’s Gorge Project, 143km northeast of Thunder Bay, 33km south of Beardmore, and 20km southeast of Macdiarmid. The property is accessible by following Highway #11 north of Nipigon, turning east onto the Gorge Creek Road and then following dirt roads to the property.