Drilling continues for United Lithium (CSE: ULTH) at its lithium project in central Sweden. The firm this morning provided an update on the current program, which has continued drilling out a new discovery on the property.
The firm this morning indicated it has drilled a total of nine holes into recently identified spodumene bearing pegmatite. Initial assays on the discovery, which includes 47.75 metres of 1.34% Li2O as reported last week, have been positive in nature. True width of the discovery is estimated at approximately 10 metres.
The latest results point to pegmatite being found in drill holes along a strike length of over 225 metres, with a likely fault offset having been found. Current drilling is to the southwest of the most recently conducted drill hole, which intersected spodumene bearing pegmatite not once but twice.
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As previously indicated, the company has now also extended a hole near-to the initial discovery hole, which intersected the pegmatite from 110.55 metres to 116.50 metres downhole, indicating potential continuation of the spodumene bearing pegmatite.
“We are quickly understanding the orientation and control of our new pegmatite discovery at the Bergby project, which is delivering a high hit rate for lithium mineralization in our drilling,” commented CEO Michael Dehn on the initial results.
Drilling is said to be continuing at the new discovery, with the pegmatite remaining open along strike.
United Lithium last traded at $0.56 on the CSE.
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