Last checked at 5 Sep 2022 07:00
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.
Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining
5 September 2022
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Start of Exploration Drilling at Falkenhain
Zinnwald Lithium plc, the German focused lithium development company, is pleased to announce that it has started its exploration drilling programme on its Falkenhain exploration license having received all necessary permits and permissions from the appropriate authorities.
The Company's Falkenhain exploration licence is located 7km north from the core Zinnwald Licence. The licence area was historically extensively explored for occurrences of tin and tungsten with drilling undertaken most recently between 1963 and 1990. The Company has performed a detailed review of the historic data including assaying samples of the surviving core from these campaigns. The length of the greisen (lithium containing ore) intersections and the Li-content indicate clear potential for a significant lithium resource. The Company has therefore designed an exploration drill campaign of ten diamond drill holes to test the historic drill data and better determine the resource potential of the licence.
The Company is looking forward to making progress with the exploration drill programme in the coming months.
Zinnwald Lithium CEO, Anton du Plessis, commented: "We are delighted to start exploration drilling activity at Falkenhain. The license area is located close to the Zinnwald Lithium Deposit, where an in-fill drilling programme is also underway, and, if its potential can be proven, could represent important upside for the broader Zinnwald Project."
*ENDS*
For further information visit www.zinnwaldlithium.com or contact:
Anton du Plessis Cherif Rifaat | Zinnwald Lithium plc | info@zinnwaldlithium.com |
David Hart Liz Kirchner | Allenby Capital (Nominated Adviser) | +44 (0) 20 3328 5656 |
Michael Seabrook
| Oberon Capital Ltd (Broker) | +44 (0) 20 3179 5300 |
Isabel de Salis Catherine Leftley | St Brides Partners (Financial PR) | zinnwald@stbridespartners.co.uk
|
Notes
AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focussed on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence and is located in the heart of Europe's chemical and automotive industries.