Global Lithium Resources Ltd (ASX:GL1) has begun its extensive 2023 exploration activities at the Marble Bar Lithium Project (MBLP) in Western Australia.
The company aims to expand the lithium resource at MBLP through extensive drilling and exploration programs.
Lithium-bearing corridors
MBLP has shown significant potential, with multiple lithium-bearing corridors yet to be explored. Building on the findings from its 2022 program, Global Lithium plans to conduct up to 20,000 metres of drilling to explore lithium and gold targets across the project.
Exploration general manager Stuart Peterson said: “I am pleased GL1 has commenced the CY2023 exploration program at the 100%-owned Marble Bar Lithium Project.
“We have only explored about 6 kilometres of the projected 25-kilometre lithium prospective strike length, so I believe that MBLP could hold additional lithium discoveries as we progress exploration further.
“Also, being able to explore the potential of the Twin Veins gold and base metal anomaly in this year’s program is very exciting and I look forward to providing regular updates as results become available.”
Two-stage strategy
The exploration strategy consists of two stages. Firstly, the company will continue to test and expand known lithium-mineralised areas and prospective corridors identified in the previous program.
These lithium corridors span a 25-kilometre strike length and up to 16,000 metres of reverse circulation (RC) drilling is planned to assess their lithium-bearing potential. Depending on the results, the program may be extended.
Secondly, a 4,000-metre RC drilling program will be conducted at the Twin Veins Gold and base metal anomaly, some 13 kilometres north of the Archer Lithium Deposit.
The drilling will commence after the completion of the Dipole-Dipole Induced Polarisation (DDIP) Electromagnetic survey, which will identify chargeable anomalies for targeted exploration.
Global Lithium aims to capitalise on the significant lithium and gold potential of the MBLP.
Shares today have been as much as 4% higher to A$1.57 while the company's market cap is approximately A$396.35 million.
The company's exploration programs seek to expand the known lithium resource and identify additional mineralised areas and the extensive drilling reflects its commitment to unlocking the project's full potential.
Resource expansion
Results of the exploration will provide valuable data to further understand the lithium and gold prospects within MBLP.
Global Lithium Resources is confident that the project holds substantial opportunities for resource expansion and is eager to leverage these findings for future growth and development.