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Global Lithium Resources (ASX:GL1) - Managing Director, Jamie Wright
Managing Director, Jamie Wright
Source: Global Lithium Resources
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  • Global Lithium Resources (GL1) receives results from a recent reverse circulation (RC) drilling program at its Twin Veins Project in WA
  • The aim of this drilling was to follow up on a soil and rock chip anomaly that spans more than one kilometre and has been subject to limited RC drilling
  • Significant intercepts were encountered in seven of the 10 holes with grades peaking at 4.78 g/t gold
  • Drilling is continuing to focus on lithium mineralisation with assays expected over the Christmas and New Year period, as well as early next year
  • Shares in Global Lithium are down 1.64 per cent on the market and are trading at 60 cents

Global Lithium Resources (GL1) has received results from a recent reverse circulation (RC) drilling program at its Twin Veins Project in WA.

As part of Global Lithium’s exploration program, 10 RC holes, covering 1050 metres, were drilled at Twin Veins to target gold prospectivity.

The aim of the drilling was to follow up on a soil and rock chip anomaly that spans more than one kilometre and has been subject to limited RC drilling.

Significant intercepts were encountered in seven of the 10 holes, indicating a successful program.

Best results include seven metres at 4.78 grams per tonne (g/t) gold from 11 metres, one metre at 2.24 g/t gold from 37 metres and one metre at 2.07 g/t gold from 99 metres.

“These latest high grade, shallow gold results highlight the potential of our Twin Veins Project and demonstrates that the gold potential at this exciting project could indeed be a stand-alone project,” Managing Director Jamie Wright said.

“We look forward to continuing our gold exploration programs in tandem with our lithium programs to see what further developments we yield.”

Drilling is continuing to focus on lithium mineralisation with assays expected over the Christmas and New Year period, as well as early next year.

Shares in Global Lithium were down 1.64 per cent on the market and were trading at 60 cents at 3:15 pm AEDT.

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