ION Energy Limited (TSXV: ION) has received further promising drilling results in its exploration work at the Urgakh Naran Lithium Project in Mongolia.
Highlights:
- Successfully completed the drilling of three lithological diamond core drill holes for a total depth of 954m
Notable two metre drill core results Include:
- UNDH-01: 123m at 278ppm lithium from 122m, with maximum lithium reported at 832ppm over 2m;
- UNDH-02: 100m at 362ppm lithium from 65m, with maximum lithium at 601ppm over 2m; and
- UNDH-03: 71.4m at 360ppm lithium from 3.6m with maximum lithium at 911ppm over 2m.
- Completed drilling of two hydrological test wells for testing of basin brines. The third test well is currently being completed
“The company is extremely pleased with the drilling results obtained from the recently completed exploration diamond core drilling programme,” said Ali Haji, CEO and Director of ION Energy.
“Results have indicated a lithium pregnant basin with significant potential for insitu brine at relatively shallow depths. The company is now completing its third hydrological test well with brine sampling to commence across all three wells in the coming months.
“The Urgakh Naran Basin is over 17,000 ha in size and is showing the potential to host significant brine accumulations in close proximity to the national electric grid and critical development infrastructure.
“With the world registering constraints in much-needed lithium resources, ION Energy continues to move quickly to help address this global issue.”
For further information please visit: https://www.ionenergy.ca/
