24 Feb IronRidge Resources reports visible lithium mineralisation at Ghana project
London-listed IronRidge Resources has announced that visible mineralisation has been observed during an ongoing drill programme at the Ewoyaa lithium project in Ghana.
The gold and lithium-focused explorer has completed 4,300 metres of RC drilling, covering three of seven target zones at the project. Visible coarse spodumene mineralisation was observed in 36 holes out of the 40 drilled to date.
The mineralisation has been seen in the majority of pegmatite targets tested to date, with good continuity over up to 300 metres along strike and down dip.
“Seeing multiple drill holes with coarse visible spodumene within each of the new pegmatite targets tested to date confirms the growth potential of the project,” said IronRidge’s chief executive Vincent Mascolo.
“We are confident the additional targets will increase resource scale and improve project economics, where we have defined Ghana’s first lithium JORC compliant resource of 14.5 million tonnes at 1.31% Li2O and within 110 km of an operating deep-sea port.
“This drilling programme is a key part of our work towards expanding the resource base on what is widely considered to be an industry-leading asset.”
Mascolo also revealed that the company is pressing on with options to fast track the project to production, amidst growing demand for lithium with the global energy transition set to gather pace in the coming years.