Everest Metals Corporation Reports Promising Drilling Results at Mt Edon LCT Project
Everest Metals Corporation Ltd
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Everest Metals Corporation Reports Promising Drilling Results at Mt Edon LCT Project

High-grade lithium and rubidium assays indicate significant potential for critical metals at Mt Edon

In a recent announcement, Everest Metals Corporation Ltd (ASX: EMC), an Australian resource company focused on gold, silver, base metals, and critical minerals, provided an update on the drilling results from the Mt Edon LCT Project in Western Australia. Released on June 13, 2023, the announcement highlights the significant findings and outlines Everest Metals' plans for further exploration at Mt Edon.

Promising Drilling Results

One of the key highlights of the announcement is the discovery of high-grade lithium (Li) and rubidium (Rb) deposits in the first four holes of the 12-hole reverse circulation (RC) drilling program. In hole MEDRC001, assays revealed a remarkable 4. 6% Li2O and 3. 1% Rb2O over 4 meters, starting from a depth of 36 meters. Similarly, hole MEDRC002 yielded exceptional results, with 3.

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9% Li2O and 2. 7% Rb2O over 4 meters from a depth of 40 meters. These findings signify the presence of substantial deposits of critical metals at Mt Edon.

Confirmation of LCT Pegmatites

The announcement also confirmed the presence of multiple lithium-caesium-tantalum (LCT) pegmatites at Mt Edon, which are highly prospective for critical metals such as lithium, rubidium, caesium, tantalum, and tin. These pegmatites are located within a mafic-ultramafic greenstone belt and stretch across a length of over 1. 5 kilometres. The confirmation of these pegmatites further strengthens the potential for significant mineral resources at Mt Edon.

Future Exploration and Development

Everest Metals Corporation has outlined its plans for the completion of the remaining eight holes of the drilling program at Mt Edon. In addition to the drilling program, the company intends to conduct further exploration activities, including geophysical surveys, soil sampling, and trenching. These activities will provide valuable insights into the extent and quality of the critical metal deposits within the pegmatites.

Furthermore, Everest Metals Corporation plans to conduct metallurgical test work to assess the quality and recoverability of the critical metals from the pegmatites. This crucial step will enable the company to determine the economic viability of extracting and processing the minerals at Mt Edon.

Prospects for Critical Metals

With the promising drilling results and the confirmation of the presence of multiple LCT pegmatites, Everest Metals Corporation is well-positioned to unlock the potential of critical metals at Mt Edon. These metals play a crucial role in various industries, including renewable energy, electronics, and telecommunications. As the global demand for these metals continues to rise, Everest Metals Corporation is poised to capitalise on the growing market.

In conclusion, the recent announcement by Everest Metals Corporation provides a positive outlook for the Mt Edon LCT Project. The discovery of high-grade lithium and rubidium deposits, coupled with the confirmation of multiple LCT pegmatites, underscores the significant potential for critical metals at Mt Edon. With plans for further exploration and development, Everest Metals Corporation aims to maximise the value of the project and contribute to the strategic mineral resources sector.

Disclaimer: This article provides a summary of the original Everest Metals Corporation announcement and is not a substitute for the full text of the announcement.

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