EV Resources (ASX:EVR) - Chairman, Luke Martino
Chairman, Luke Martino
Source: EV Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • EV Resources (EVR) is releasing the results from a sampling program it undertook at the Shaw River Project as part of due diligence
  • EVR, former known as Jadar Resources, recently acquired the 70 square kilometre asset in WA’s Pilbara region which covers historic tin-tantalum working
  • It noted a number of pegmatite outcrops were observed during initial sampling, while 31 samples were collected from a small area within the project
  • Two samples returned maximum lithium values of 212 parts per million, with additional mapping and sampling to now be carried out across the site
  • EVR shares are down 3.64 per cent at 5.3 cents each

EV Resources (EVR) is releasing the results from a sampling program it undertook at the Shaw River Project as part of due diligence.

The company, formerly known as Jadar Resources, acquired the Shaw River Exploration Licence earlier this year.

The licence covers 22 sub-blocks or 70 square kilometres of land in WA’s Pilbara region, including several areas of historical tin-tantalum workings.

EVR carried out initial sampling at the site and noted a number of pegmatite outcrops were observed.

Additionally, 31 samples were collected from predominantly outcropping pegmatite, with four stream sediment and one float sample collected.

Two samples returned maximum lithium values of 212 parts per million, confirming EVR’s belief the project could hold significant lithium-tantalum mineralisation.

EVR’s sampling was only carried out in a small area within the project, roughly 20 per cent of the wider landholding, with further work to now be undertaken.

The company plans to undertake geological mapping and systematic channel sampling across pegmatite outcrop, particularly in the Hillside and Upper Five Mile Creek areas.

Following today’s update, EVR shares were down 3.64 per cent at 5.3 cents each at 11:48 am AEDT.

EVR by the numbers
More From The Market Herald
PointsBet (ASX:PBH) - VP of Online Casino Revenue, Aaron O'Sullivan

" PointsBet (ASX:PBH) expands online casino to third US state

PointsBet Holdings Limited’s (PBH) subsidiary, PointsBet West Virginia LLC, launches its online casino product in West…
Ansarada Group (ASX:AND) - CEO, Sam Riley

" Ansarada (ASX:AND) posts record customer and revenue growth

In its December quarterly results, Ansarada Group (ASX:AND), a global provider of information governance software, reported…
X2M Connect (ASX:X2M) - Chief Operating Officer, Keith Jelley

" X2M Connect (ASX:X2M) signs two service contracts in South Korea

X2M Connect (ASX:X2M) has secured two new Software-as-a-Service (SaaS) and maintenance contracts with Gochang County and…
North Stawell Minerals (ASX:NSM) - Non Executive Chairman, Jerry Ellis

" North Stawell Minerals (ASX:NSM) extends Gellatlys gold trend to 3.5km

North Stawell Minerals' (ASX:NSM) recent aircore drilling program has extended the Gellatlys gold trend to 3.5…