Chronicle Editor
PROSPECT Resources Limited has completed Phase 3 diamond drilling programme at its Step Aside Lithium Project in Goromonzi District, with the company expecting to commence the next stage of drilling next January.
The drilling campaign, which has just been completed saw 44 holes being drilled for an estimated 5 100 metres with assay results for 10 holes pending.
In a statement, Prospect said assay results were further encouraging.
“Phase 4 programme approved with 2 000m of diamond drilling set to commence in January 2024, targeting extension positions of WinBin further south, and following up high-grade intersections at Pegmatite E.
“The company is pleased to announce further encouraging assay results from the now complete Phase 3 drilling programme at the Step Aside Lithium project,” it said.
Prospect managing director and chief executive officer Mr Sam Hosack was quoted as saying: “The WinBin discovery continues to deliver for us.
“This latest batch of Phase 3 assay results has significantly extended the strike extent of the broader discovery as well as increasing our understanding of the controlling geology in this zone.
“We look forward to the receipt of the remaining assay results from the Phase 3 programme during the first quarter of 2024 to continue this momentum.
“We are straight back into it in the New Year with the scheduled Phase 4 drilling set to continue the drill-out of WinBin.”
He said this work would also test the area of high-grade intersections previously returned around Pegmatite E to the north.
“I would like to wish all shareholders a safe and happy festive period and look forward to reporting on our activities at Step Aside, and across the broader
Prospect exploration portfolio, during 2024,” Mr Hosack. —BH24
Bongani Ndlovu
Online Reporter