Torque Metals Ltd (ASX:TOR) is eagerly awaiting the results of an inaugural diamond drilling campaign at the New Dawn Lithium Project in the Goldfields of Western Australia, where the company has been testing known pegmatite bodies for spodumene (hard rock lithium) and tantalum.
TOR has already doubled down on the project area, acquiring three new tenements nearby – two adjacent to the Paris Gold Project and one with lithium potential along strike from the existing New Dawn Project.
The company believes the latter tenement is prospective for lithium-caesium-tantalum or LCT pegmatites, the source of some 44% of all hard rock lithium minerals.
Building momentum
"We are thrilled with early progress at the New Dawn Lithium Project, with diamond drilling in full swing,” Torque Metals managing director Cristian Moreno said.
“In less than a month since we announced the option to purchase a strategic tenement portfolio Torque swiftly followed up with its inaugural drilling campaign.
“We await imminent assay results from the first four diamond holes while samples from ongoing drilling are currently enroute to the lab.
“With a strong balance sheet, Torque Metals is poised to maintain drilling momentum to fully understand the entire lithium and tantalum endowment at New Dawn.
“Consistent with the company’s strategic approach to regional consolidation, actively monitoring the region for new opportunities, we also announce an agreement to acquire nearby tenements that align with our Paris and New Dawn projects.
“This expansion enhances our portfolio and strengthens our regional presence.”
Torque has submitted some 160 samples from the first four diamond holes, with more from another three holes enroute to the lab.
The company also identified a new pegmatite outcrop, in the northwest area of the mining leases – TOR intends to follow-up with further exploration once the current maiden round of drilling is complete.
New pegmatites identified by trenching potentially carrying lithium-tantalum hosting minerals.
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