RC drilling program completed with six separate pegmatite bodies intercepted
Fluorescent salmon-coloured minerals identified under UV light in RC drill-chip samples
Select pegmatite drill samples delivered to laboratory for lithium analysis
Pegmatite intercepted in 5 out of 6 drillholes
Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company”) is pleased to advise that it has recently completed its RC exploration drilling program at the Company’s NT Lithium Project (“Project”) – located in the highly prospective Litchfield Pegmatite Belt in Northern Territory, ~120km south of Darwin.
Ragusa Chair, Jerko Zuvela said “The Company is pleased to have completed the next phase of our exploration drilling program at our strategic and highly prospective NT Lithium Project. We are encouraged by the preliminary drilling observations at our priority targets, noting the scale of the pegmatite zones encountered within our project area. We look forward to receiving the lithium assay results in coming weeks.
At a time of renewed strategic interest in exploration stage lithium/spodumene projectsin Australia, this is a positive step that puts Ragusa in a strong position to rapidly accelerate the development of our project within a proven high-quality lithium district in a Tier 1 jurisdiction close to major infrastructure.”