Premier Africa starts di­a­mond drilling at Fort Rixon

Chronicle (Zimbabwe) - - Business -

AIM-LISTED Premier African Min­er­als says it has re­ceived en­cour­ag­ing re­sults from its 2 500 m drilling pro­gramme at the Zulu lithium project in Fort Rixon, Zim­babwe.

The first di­a­mond core hole in­ter­sected 9.5 m of vis­ual spo­dumene petal­ite lithium min­er­al­i­sa­tion, from a down hole depth of 10.5 m.

CEO Ge­orge Roach said yes­ter­day that the in­ter­sec­tion of vis­i­ble hard rock lithium min­er­al­i­sa­tion was “most en­cour­ag­ing”.

Core would now be trans­ported to Premier’s in-house sam­ple prepa­ra­tion fa­cil­i­ties for log­ging, split­ting and sam­ple prepa­ra­tion and then sent to SGS South Africa for multi-el­e­ment anal­y­sis.

“This is a pos­i­tive early val­i­da­tion of our ge­o­log­i­cal mod­el­ling and I look for­ward to re­port­ing the lithium as­says as soon as they be­come avail­able,” Roach added.

Premier is drilling a series of 20 di­a­mond drill holes de­signed to test for strike and depth ex­ten­sions at Zulu, which cur­rently has a strike length of 3.5 km.

In ad­di­tion, the drilling pro­gramme is de­signed to es­tab­lish a maiden re­source.

Premier African Min­er­als Lim­ited (AIM: PREM) is a multi-com­mod­ity min­ing and re­source de­vel­op­ment com­pany fo­cused in South­ern and Western Africa with pro­duc­tion started at its flag­ship RHA project in the Hwange area in Zim­babwe.

The com­pany has a di­verse port­fo­lio of projects, which in­cludes tung­sten, rare earth el­e­ments, gold, lithium and tan­ta­lum in Zim­babwe and Benin, en­com­pass­ing brown­field projects with near-term pro­duc­tion po­ten­tial to grass-roots ex­plo­ration.

It also holds two mil­lion shares in Cir­cum Min­er­als Lim­ited (“Cir­cum”), the own­ers of the Danakil Po­tash Project in Ethiopia, which has the po­ten­tial to be a world class as­set.

At present those shares are val­ued at S$4 mil­lion based on the lat­est price at which cir­cum has ac­cepted sub­scrip­tions. — Min­ing­weekly

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