(Alliance News) - Technology Minerals PLC on Monday said drilling at its North Leinster lithium project in Ireland has confirmed the presence of a lithium-caesium-tantalum pegmatite dyke swarm at the Knockeen prospect.
The London-based battery metals mining and recycling said Global Battery Metals Ltd has completed a total of 656 metres worth of phase one drilling, with visual analysis indicating intervals of lithium mineralisation from all four drill holes.
Global Battery Metals holds a 55% stake in the North Leinster site, having increased its take by 38% in July.
The company said a fifth drill hole is currently underway, with Global Battery intending to drill at all ten permitted drill sites over a total of 2,0000 metres.
Chief Executive Alex Stanbury said: "We are pleased by the ongoing strides in drilling at our Leinster site in collaboration with Global Battery Metals. The GBML team remains steadfast in their drilling efforts, core sampling, and laboratory analyses, all of which are contributing to a progressively deeper comprehension of our primary target zones.
"The burgeoning success of our Leinster Property is evident as we forge ahead, confirming lithium mineralisation and exploring the exciting potential for expansive district-scale growth. The Leinster property stands as a testament to our strategic commitment to advance emerging projects, entice prospective joint venture collaborators, and enhance the intrinsic value of Technology Minerals."
Technology Minerals shares rose 3.0% to 1.70 pence each on Monday afternoon in London.
By Harvey Dorset, Alliance News reporter
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Tech Minerals (TM1)