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Jindalee (ASX:JRL) announces excellent lithium assays from McDermitt, paving way for updated MRE - Kalkine Media

December 15, 2022 12:10 PM AEDT | By Aditi Sarkar
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Highlights

  • Jindalee Resources has reported excellent final assays from 2022 drilling program at its McDermitt lithium project, USA.
  • As per the company, the final assays wrap up a highly successful exploration program and overlay the path for a substantial increase in size and confidence of the McDermitt MRE.
  • JRL expects to announce updated MRE during early 2023.

Jindalee Resources’ (ASX:JRL) shares were trading high on the ASX in the early hours today with an uptick of around 4% following an encouraging project update.

The Australia-based mineral exploration firm has reported outstanding final assays from 2022 drilling program at the McDermitt lithium project, USA.

Several wide lithium intercepts were recorded across the project including

© 2022 Kalkine Media®, Data and image source: Company update

Broad intercepts in MDD028 and MDD029 (both collared outside current McDermitt resource) confirm further extension of mineralisation in the west.

The company is expecting to announce updated Mineral Resource Estimate (MRE) incorporating all results from the 2022 drilling program in early 2023.

As per the company, the final assay results wrap up a highly successful exploration program and overlay the path for a substantial increase in size and confidence of the McDermitt MRE.

© 2022 Kalkine Media®, Data and image source: Company update

More to come…


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