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Arcadia Minerals (ASX: AM7, FRA: 80H) wraps up phase III of auger drilling at Bitterwasser Lithium Project

Published 05/12/2023, 01:11 am
Arcadia Minerals (ASX: AM7, FRA: 80H) wraps up phase III of auger drilling at Bitterwasser Lithium Project

Highlights

  • Infill drilling completed at the Bitterwasser Lithium Clays Project over the Eden Pan.
  • Under the third phase of auger drilling, 26 infill holes have been drilled over a 250m grid spacing for 213m of core.
  • A 140kg composite sample has been collected from the site post infill drilling for supplementary leach test work.
  • AM7 is expecting a revised Mineral Resource statement for the Eden pan by Q1 of 2024

Diversified exploration company Arcadia Minerals (ASX:AM7) Limited (ASX: AM7, FRA: 80H) has completed infill drilling at the Bitterwasser Lithium Clays Project over the Eden Pan. The campaign included drilling of 26 infill holes over a 250m grid spacing for 213m of core.

The infill drilling was conducted with a purpose of revising the Mineral Resource classification and, start a Scoping Study/PreEconomic Assessment over the Lithium in Clays of the Eden Pan.

Also, the firm has initiated drilling at the Meerkat Pan at its Bitterwasser Lithium Clays Project.

AM7 shares traded at AU$0.085 apiece on 01 December 2023.

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