Chariot Corporation Limited (ASX: CC9) has announced that following completion of site preparation required to support the drilling programme at its flagship Black Mountain Project in Wyoming, US, a surface diamond core drill rig has arrived at the site.
Drilling operations will commence immediately, with the first round of assay results from the drill cores expected in January 2024.
Chariot’s US subsidiary, Panther Lithium Corporation, plans to drill 2,000 – 3,000m of orientated triple tube HQ sized core. The initial Phase 1 programme targets outcropping spodumene-bearing LCT pegmatite dykes within a 1km long by 50m to 150m wide zone.
The drill programme was developed in part based on the highly encouraging assay results from the 22 rock chip samples collected to date at Black Mountain. Of the 22 rock chip samples, 14 assayed +300ppm Li (0.06% Li2O), 10 of which were +7,000 ppm Li (1.51% Li2O), with the highest value being 31,018 ppm Li (6.68% Li2O).
On 21 August 2023, Chariot received formal approval from the US Bureau of Land Management to conduct drilling activities at Black Mountain. The company has also obtained approvals for its drilling plan from the Land Quality Division of the Wyoming Department of Environmental Quality and the US Department of Game and Fisheries.
Additionally, the company has stated that the arrival of the drill rig at Black Mountain signals the start of an exciting new phase for the company and for hard rock lithium exploration in Wyoming, and that Black Mountain may represent a generational hard rock lithium opportunity in the US.
To find out more, please visit www.chariotcorporation.com
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