RE: Major news20 Mar 2023 15:20
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that following the return of favourable test results at the Leinster Lithium Project (the "Property" or the "Project"), Global Battery Metals Ltd (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), intends to drill multiple targets across a prospective lithium trend at Prospecting Licence Area 1597 ("PLA 1597").
Highlights
Following the previously reported identification of a lithium bearing spodumene pegmatite surface boulder train on PLA 1597, key updates include:
· A detailed deep overburden (base of till) programme was recently completed for a total of 373 samples covering an area of 600m x 450m over the location of an extensive spodumene pegmatite float boulder train and an associated historically reported trenched bedrock occurrence;
· The interpreted geochemical results indicate the potential discovery of up to six LCT (lithium-cesium-tantalum) pegmatite dikes across the Knockeen target area;
· Follow-up drill programme plans are being finalised, currently calling for up to nine drill pads (with two holes planned per pad);
· ALS Laboratories ( Loughrea, Ireland ) analysis included comprehensive testing for a specific suite of elements which includes lithium as well as multiple rare earth elements of which cesium and tantalum are typically associated with this type of LCT Pegmatite target;
· Drilling permit submissions are being finalised, and will be submitted to the governmental regulatory body as part of the due process for standard screening procedures for drilling programmes in Ireland and Europe; and
· A local area drill contractor's availability has been secured, and will be mobilised as soon as the permitting is completed.