Battery Age (ASX:BM8) reveal high-grade Falcon Lake lithium
July 26, 2023The initial holes from Battery Age Minerals’ maiden drilling have returned multiple high-grade lithium intercepts over 20 metres thick at Falcon Lake, confirming the presence of significant pegmatite-hosted spodumene and building on historical strikes from its Ontario project.
Assays are still pending for 17 of the 26 holes completed to date, visual mineralisation has been observed in 22 so far with mineralised estimates up to a quarter of spodumene content.
Battery Age Chief Executive Gerard O’Donovan said the company was delighted with the results from its first diamond holes at Falcon Lake after confirming significant mineralisation across a number of holes.
“We are delighted with the results from the first batch of diamond holes at Falcon Lake. These results confirm that we have significant mineralisation across a number of holes. Coupled with these assays, our subsequent holes have continued to intersect mineralisation with visible spodumene of varying percentages. We look forward to sending these to the lab for testing to verify the level of mineralisation,” Mr O’Donovan said.
He added that the maiden drilling represented the first step in a phased approach towards Falcon Lake, and it was outstanding to have generated some top shelf results to begin with.
“The second phase which will run in parallel to drilling includes our field exploration campaign. This will commence in the near term, and we are confident it will generate more high-priority targets for the drill rig as we move across the property.
“Based on these results, we will consider an expansion of the maiden program beyond initial planned metres to ensure we progress the project at pace.”
Significant intercepts
- 27.6 metres @ 1.37% Li2O from 16.65m down-hole
▪ With internal highs of 15m @ 1.65% Li2O (23FL-001) - 21.92 metres @ 1.44% Li2O from 5.7m down-hole
▪ With internal highs of 15m @ 1.71% Li2O (23FL-004) - 26 metres @ 1.00% Li2O from 46.3m down-hole1
▪ With internal highs of 4m @ 1.89% Li2O (23FL-005) - 8.7 metres @ 1.24% Li2O from 7.5m (23FL-002)
▪ With internal highs of 5m @ 1.63% Li2O (23FL-002)
Forward plan
Battery Age anticipate assays from the next holes within four to six weeks and given the high calibre of results so far, is considering an expansion of its maiden campaign to further evaluate its territory and accelerate exploration.
The company will also begin its field work program alongside drilling in the Canadian summer, with prospecting, mapping, surveys, mechanised stripping for pegmatite exposures and regional exploration outside the main zone all expected to deliver more high-priority targets as it gets a full gauge on the prospectivity of Falcon Lake.
Drill collar location map
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