Highlights
- Drilling on the first drill hole over the Liberty Lithium brine project is progressing well and on budget.
- Drilling has progressed to 240m, and the planned depth is 500m.
- A series of encouraging fine grained sediments with gravels has been intersected.
QX Resources Limited (ASX: QXR) is advancing diamond drilling at the US-based large-scale Liberty Lithium brine project.
Drilling has advanced to 240 metres depth in the first hole. The first drillhole is centred over an extensive lithium brine surface anomaly.
The targeted depth for this diamond drill hole is 500m, aimed at identifying a series of lithium brine bearing aquifers at depth.
Drilling has intersected a series of encouraging fine grained sediments with gravels, informed QXR. Drilling is progressing on budget.
Project Details
QXR has executed an agreement to earn a 75% interest in the Liberty Lithium project, covering an area of 102km2.
Data source: Company update
QXR shares last traded at AU$0.030 apiece at the time of writing on 22 November 2023.