- Red Dirt Metals (RDT) intercepts spodumene in all completed drill holes at the Yinnetharra lithium project in Western Australia
- The company has completed six out of 15 planned holes, with all six intersecting visual spodumene
- Red Dirt highlighted one hole which intersected pegmatite between 88.9 metres and 172.5 metres downhole
- The company expects to complete the remaining diamond holes before Christmas and first assay results are expected to be received in early 2023
- Shares in Red Dirt are trading steady at 56 cents just before market close
Red Dirt Metals (RDT) has intercepted spodumene in all initial drill holes in its first diamond drilling program at the Yinnetharra lithium project in Western Australia’s Gascoyne region.
However, the company said no quantitative or qualitative assessment of mineralisation can be made just yet and no further forecast whether this or further drilling will deliver ore grade intercepts, resources or reserves.
Since arriving on site, the team has completed six out of 15 planned diamond drill holes, with the remaining nine holes to be completed before Christmas.
Red Dirt highlighted one particular hole at the project which intersected pegmatite from 88.9 to 172.5 metres downhole, showing significant pegmatite thickening at depth.
Commenting on the drilling update, Executive Chair David Flanagan said it is “extremely promising” to visually identify extensive spodumene at this stage of the program.
“The visual record has correlated well with historical results, so the exploration team is excited by the early positive indications, especially after only settling the acquisition of Yinnetharra in late September,” Mr Flanagan said.
“Receiving such highly encouraging signs in such a short period of time is a huge achievement for our team and testament to their exploration skill.”
Historically, 34 reverse circulation holes were drilled which identified 15 lithium caesium tantalum (LCT) pegmatites at the Malinda prospect.
The company began an initial drilling campaign at Malinda and conducted additional mapping which expanded the known pegmatites to 54 LCT pegmatite dykes within the area.
Only 15 of these have been tested by previous drilling which the exploration team will systematically work through, Red Dirt confirmed.
First assay results are expected to be received in early 2023.
Shares in Red Dirt were trading steady at 56 cents just before market close.