Loyal (ASX:LLI) adds more allure to promise of Trieste lithium gateway at James Bay

Loyal (ASX:LLI) adds more allure to promise of Trieste lithium gateway at James Bay

April 24, 2024 Off By Jack Baker

Loyal Lithium has completed its winter drilling and returned more shallow intercepts to add to a batch of 30-metre-thick high-grade strikes coming out of its Trieste lithium project in Canada’s James Bay.

Assays from the project’s fourth dyke returned with highs of 32.8 metres at 1.2 per cent lithium oxide and 31.1m at 1.5% Li2O, coming alongside intercepts of similar allure from the first and fifth dykes.

Three other known spodumene-bearing dykes remain untouched by the drill on its project named for a gateway seaport in northeastern Italy.

And with #04 and #05 holding thick, open, mineralised zones, Loyal is firm that Trieste stands out among other pre-resource plays in the port area.

And the Peppermint Grove-headquartered explorer is likewise confident in comparison to post-resource plays, believing exceptional mineralisation compares well to nearby Winsome Resources (ASX:WR1) and its 59 million tonnes at 1.12% Li2O estimate.

Loyal Lithium Managing Director Adam Ritchie said the thick, shallow, and high-grade intercepts collected to date were starting to expose the true potential of what lies below.

“The team, alongside Dahrouge Geological Consulting, have done an amazing job over the (North American) winter, relentlessly executing this low-cost focused drilling campaign at Trieste,” Ritchie said.

“The unique metasedimentary host rock affords us the opportunity to now deploy a cutting edge geophysical survey that will be cross checked against the drilling results to produce detailed 3D structural model to identify and confirm our next drilling targets.

“With further exploration and early-stage development underway on the adjoining properties of Rio Tinto/Midland Exploration, Azimut/SEQUEM and Winsome Resources, the Trieste Greenstone Belt is really starting to take shape as a globally significant lithium hub.”

Core samples are now being collected for in-house metallurgy at West Australian company Loyal, which believes the uniquely large spodumene mega crystals found at surface and within the fourth dyke drill core offer attributes of low-cost mining and processing.

Loyal and fellow Australian Winsome signed a memorandum of understanding last year covering a range of mutually beneficial objectives toward positioning the Trieste Greenstone region as the eminent North American lithium hub.

Read more on the Australian-listed lithium land rush: ASX Shells going to the green pastures of Quebec & Ontario

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