ION Energy (TSXV:ION) had made a new lithium discovery, the White Wolf Prospect, at the company’s 100% owned Baavhai Uul Lithium Salar Project in south eastern Mongolia.
Highlights
- A total of 222 auger drill holes have been completed for 1304.5 metres.
- To date only 12.5% of drill holes results have been returned.
- Initial drilling results are highly encouraging with a new discovery highlighted at the White Wolf Prospect.
- Drill hole AU-17 returned results up to 1,502ppm Lithium in clays and evaporites with the hole averaging 700ppm Lithium from 0.5m to 3.5m depth.
- Drill hole AU-20 averaged 650ppm Lithium from 4m to 6m depth with the last sample in the hole returning 860ppm Lithium.
Three Auger Rigs have been deployed at the Baavhai Uul Lithium Salar project and an initial shallow drilling programme consisting of 222 drill holes has now been completed.
Holes were drilled to a maximum depth of six metres with samples being collected every 0.50 metre. Drill holes were located over one kilometre apart, and this represents a broad first pass of the licences prospectively.
Initial drilling results received from only 12.5% of samples collected have been highly encouraging with a new lithium discovery being made at the White Wolf Prospect.
CEO and Director, says Ali Haji, said results of additional drill holes will be delivered to the company over the coming months.
“The ION team is extremely pleased with these very early drilling results. This is an extensive regional drilling programme and we are already seeing new prospects being discovered at White Wolf that will warrant follow-up drilling. Exploration programmes at the company’s projects in Mongolia remain ongoing and further results are expected over the coming months,” says Ali Haji.
For further information please visit: https://www.ionenergy.ca/i
