Can Industrial Minerals Drilling Campaign Unearth Lithium Riches at Pippingarra Quarry?

$IND Can Industrial Minerals Drilling Campaign Unearth Lithium Riches at Pippingarra Quarry?

Industrial Minerals Exploration Journey Unveils Pippingarra Quarry Project's Hidden Wealth

Amidst the rugged expanse of the Pilbara Lithium district, a tale of exploration unfolds as Industrial Minerals Ltd (ASX: IND) delves into its pioneering drilling escapades at the Pippingarra Quarry Project. The company’s relentless pursuit of mineral potential within this promising landscape has culminated in a noteworthy update, marking a leap forward in the quest for untapped resources.

Situated approximately 30 kilometers southeast of Port Hedland in Western Australia, the Pippingarra Quarry Project, nestled within the esteemed Pilbara lithium province, has emerged as the epicenter of IND’s relentless exploration endeavors. The company holds exclusive rights to explore for non-construction material minerals within this bustling quarry.

Exploratory Pursuits in Brownfields

Amidst this promising terrain, IND has embarked on an ambitious Brownfields Exploration Phase 1 drilling campaign, a strategic endeavor aimed at dissecting historical drill data and uncovering the mysteries concealed beneath the earth’s surface. This ... strategic move seeks to build upon past successes, capitalizing on previous assay results that recorded an impressive 6 meters at 3.73% Li2O from a vertical diamond hole (PDDH55). The primary focus lies in tracing the mineral-rich veins and massive quartz zones believed to be lying stacked and flat along the strike from the current pit.

The Current Progress

As the drums of exploration beat fervently, the company reports a significant milestone in its journey. An impressive 20 reverse circulation (RC) drill holes, penetrating depths of 100 meters each, have already punctured the earth's crust, unraveling the potential treasures beneath. IND plans to further expand its drilling endeavors, targeting a colossal ~3,500 meters by mid-December 2023.

The samples procured from these drilling escapades bear the hopes and dreams of IND, venturing on a transformative journey to Northern Australian Laboratories. Here, these samples will undergo meticulous analysis, unlocking the secrets encapsulated within the Lithium and Rare Earth Element (REE) suite of elements. Foreseen by late December, these assay results stand as the compass guiding IND’s trajectory in shaping their forthcoming exploration agenda for early 2024.

Words from the Helm

Jeff Sweet, the Managing Director of IND, exudes confidence in the ongoing ventures, articulating the promise held within the retrieved historical data and the ongoing drillings. He underscores the pivotal role of the imminent assay results, poised to chart the course for IND's ambitious future exploration strategies.

The Path Ahead

As IND’s Phase 1 drilling program at Pippingarra hurtles toward its culmination by the end of 2023, the company anticipates the arrival and meticulous assessment of the drill assay results by January 2024. Armed with these insights, IND is poised to steer its trajectory towards planning Phase 2 drilling operations, envisaged to commence in early 2024. Furthermore, the exploration of High Purity Quartz potential rests on the evaluation of samples currently undergoing scrutiny by potential buyers in China.

In the annals of mineral exploration, IND's tenacity at the Pippingarra Quarry Project stands as a testament to the unwavering pursuit of discovery, unraveling the earth’s secrets one drill hole at a time.

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