The Canada-based resource company Fission Uranium Corp. (OTCMKTS: FCUUF) recently announced promising assay results from the company’s summer 2021 “metallurgical & geotechnical test work”. The test work was conducted in the R840W zone in the company’s PLS project located in the Athabasca Basin region of Saskatchewan, Canada.
Ross McElroy, President and CEO of Fission, commented, “These assays are a reminder of the incredible strength of mineralization we have here at PLS – with numbers that place the Triple R in an elite group of deposits worldwide. We have now received all outstanding drill assay results from holes drilled as part of our feasibility study, which remains on track for completion at the end of 2022 to early 2023. Our team continues to work hard advancing the project and I’m very pleased with our continued progress and results.”
On a similar note, the Australia-based mineral exploration and development company Aeon Metals Limited continued to return exceptional results at its Walford Creek Copper-Cobalt Project (Walford Creek Project) in northwest Queensland. Thirty-one exploration holes have been completed for over 11,700 metres of drilling in 2022.
Aeon Managing Director and CEO, Dr Fred Hess, commented: “The Amy zone potential for much higher grades was first recognised in 2018 with two drill holes almost one kilometre apart returning the highest grade mineral intercepts to that point at Walford Creek. The drilling results…reinforce the potential for the Amy zone to host significantly higher grade and thicker PY3 mineralisation than that already identified at the well-drilled Vardy and Marley zones further to the east.”
Atlantic Lithium Limited, the Africa-focussed lithium exploration and development company targeting to deliver Ghana’s first lithium mine, also announced promising assay results from the resource and exploration drilling programme which it has now completed at the Ewoyaa Lithium Project in Ghana, West Africa. It is important to note that Atlantic Lithium Limited has signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project.
Commenting on the progress, Lennard Kolff, Interim Chief Executive Officer of Atlantic Lithium, said: “Drilling consistently delivers high-grade drill intersections, both within the infill programme targeting conversion of Indicated to Measured resources and within the exploration programme targeting resource growth outside the current MRE.”
The latest infill drilling results from within the current Resource at the Ewoyaa Main deposit have returned high-grade pegmatite intervals, including 57m at 1.49% Li2O and 52m at 1.33% Li2O, providing further confidence in future Resource to Reserve conversion for the project.
Kolff went on to that “With the Pre-Feasibility Study now delivered, the Mining Licence application submitted, ongoing positive drilling results and with the support of our funding agreement with Piedmont Lithium, we feel the Company is ideally positioned to benefit from the unprecedented levels of lithium demand that are expected over the coming years.”