- Global Lithium Resources (ASX: GL1) has completed an Exploration Incentive Scheme (EIS) co-funded diamond drill program at its Marble Bar Project with all assay results received. Two diamond holes, including one wedge were completed for a total 1,598.7m;
- Strongly altered and fractured granodiorite was intersected in both holes. Pyrite-sericite alteration has now been identified over 1.5km down plunge from surface, highlighting the scale and depth continuation of the hydrothermal system;
- Anomalous gold assay results (>0.1g/t Au) were received in both holes with a peak assay result of 1m @ 5.07g/t Au from 191m within MWDD004; and
- The results strongly support the potential for an intrusive related gold discovery to be made in the area.
Established multi-asset Western Australian lithium company, Global Lithium Resources Limited (ASX: GL1, Global Lithium or the Company) is pleased to announce the results from its recently completed Exploration Incentive Scheme (EIS) supported diamond drilling program at the Marble Bar Project area.
Two diamond drillholes, including a wedge, for a total 1,598.7m have been completed targeting down plunge of a previously identified sericite-pyrite altered core of a granite plug (Murphy Well Granodiorite) proximal to GL1’s Twin Veins and Douglas Find gold prospects (Figure 1). A wedge was required to achieve target depth.
The program was completed safely and within budget with 50% of the direct drilling costs covered by the State Government EIS grant.
