Delta Lithium (ASX:DLI) said assay results received from stage two drilling at its Mt. Ida gold and lithium project in Western Australia intercepted mineralization beyond the current mineral resource estimate, according to a Friday Australian bourse filing.
The company concluded a strategic review of the project, which found that the most value-accretive development pathway is to continue progressing the project.
It is currently conducting a four-stage resource extension drill program with one reverse circulation rig and one diamond drill rig operating at the project. The drilling has resulted in intercepts of 3 meters at 18.2 grams per tonne (g/t) grade of gold from a depth of 283 meters, as well as 6 meters at 13.4 g/t grade of gold from 91 meters.
It is also conducting feasibility work for a standalone processing plant, among other activities.
The firm's shares rose almost 3% in recent trading on Friday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。