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How Did Global Lithium Achieve the Best Drill Intercept to Date at Manna Central? — ASX:GL1| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$GL1
How Did Global Lithium Achieve the Best Drill Intercept to Date at Manna Central?
High-Grade Drilling Continues at Manna Lithium Project
Introduction: Global Lithium's Striking Success at Manna
Global Lithium Resources Limited (ASX: GL1), a prominent West Australian lithium company, is celebrating the continued success of its drilling program at the Manna Lithium Project. Located 100km east of Kalgoorlie in the Goldfields region, this project has yielded remarkable high-grade lithium results, bolstering the company's prospects in the rapidly evolving lithium market.
Comprehensive Drilling Program Yields Exceptional Results
Over 60,000m of Drilling Completed in 2023
Throughout 2023, Global Lithium has undertaken an extensive drilling program at the Manna Lithium Project, involving over 60,000 meters of Reverse Circulation (RC) and Diamond Drilling (DD). This ambitious effort underpins the company's commitment to exploring and expanding its lithium resources.
Breakthrough Drill Intercepts at Manna Central
The Manna Central resource area has been a focal point of the drilling program, with resource infill drilling continually demonstrating high-grade lithium occurrences. Notable drill intercepts include 26 meters at
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1.53% Li2O, among others, showcasing the robust lithium potential at Manna Central.
Expansion of the Manna Lithium Project
Exploration at Manna North
The exploration at Manna North has been particularly promising, with significant lithium intercepts extending the mineralization beyond the current resource. This drilling has expanded the mineralization along the northeast extension, indicating the presence of multiple spodumene-bearing pegmatite sheets.
Unveiling Potential at Manna South
Step-out exploration drilling at Manna South suggests a new zone of mineralized pegmatite under the cover to the southwest of Manna Central. Early drill results from holes like MRC0339 show encouraging signs of lithium presence, warranting further exploration in 2024.
Future Prospects and Plans
Anticipated Assay Results and Definitive Feasibility Study
Complete assay results from the 2023 exploration program, which involved drilling 221 holes with approximately 25,000 samples, are expected in Q1 2024. These results will play a crucial role in the upcoming Manna Definitive Feasibility Study (DFS).
Ongoing Exploration and Expansion
Global Lithium's Exploration Manager, Logan Barber, expressed optimism about the project's potential for further extensions. The company is planning additional step-out drilling in H1 CY24 to explore areas away from the main Manna resource.
A New Era for Global Lithium at Manna
The Manna Lithium Project stands as a testament to Global Lithium's strategic foresight and technical prowess in lithium exploration. The project's success to date in uncovering high-grade lithium deposits not only enhances the company's resource base but also contributes significantly to the broader lithium market, vital for the burgeoning electric vehicle and renewable energy sectors. With the project still open for further exploration and expansion, Global Lithium is poised to make substantial strides in the lithium industry.
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L
Lykeshares
145d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
145d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
176d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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