Charger (ASX:CHR) make the grade at Medcalf
February 22, 2023Charger Metals has confirmed high-grade lithium intersections from 14 of 17 holes targeted in the first round of drilling at the Medcalf Spodumene Discovery, part of the Company’s Lake Johnston lithium prospect in Western Australia.
It is an exciting development for the Company, considering Lake Johnson’s location on the doorstep of the world-class Earl Grey Project, lying just 70 kilometres to the west.
The production-friendly Medcalf spodumene pegmatites revealed grades up to 4.19% within a 100m-wide zone, with an aggregated thickness of up to 12 meters.
Lithia intersection within each pegmatite
“The first very encouraging drilling results are now to hand, and drilling is continuing to intersect similar multiple-sheet pegmatites within a plunging, 100m-wide, structural zone,” Charger’s Managing Director David Crook said.
“The drill holes reported here confirm high-grade lithium from surface down to a vertical depth of 210m, and the ongoing drill programme is expanding the extent of the spodumene-pegmatites along the strike direction and at progressively greater depths.”
Next Steps
The current drilling programme saw 17 RC holes drilled during late 2022 and up to 23 holes to be prepared during January and February 2023.
The Medcalf Prospect is also being prepared for a core drilling programme later this year, which can test for mineralisation at a depth more significant than the current RC drilling rig’s capability.
$0.043About Charger Metals
Charger Metals NL engages in the exploration of battery metals. The company explores nickel, copper, cobalt, lithium, gold, and platinum group elements. Its portfolio includes a 70% interest in the Coates project, the Lake Johnston project in Western Australia, and the Bynoe lithium and gold project in the Northern Territory. The company was incorporated in 2020 and is based in Subiaco, Australia.
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