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QX Resources (ASX: QXR) confirms Turner River prospectivity with new samples, shares jump - Kalkine Media

November 06, 2023 12:11 PM AEDT | By Sonal Goyal
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Highlights

  • QXR confirms additional rockchip sample results with up to 3.8% LiO2
  • Samples have been collected from a new area of interest within Turner River
  • Extensive trenching, sampling and mapping are planned over the project
  • Detailed airborne geophysics has been concluded and is presently under assessment

QX Resources Limited (ASX: QXR) shared an update on Monday (6 November 2023) concerning the Turner River Project, which lies within the Pilbara lithium province.

Pegmatites in the new area of interest at the project have been sampled and returned assays up to 3.8% LiO2, 3.4% LiO2 and 1.3% Rb2O. The results reinforce the potential of Turner River.

With increased confidence in Turner River, the company would focus on this project, with detailed sampling, trenching and mapping planned after the assessment of detailed airborne geophysics.

QXR share jumps 13%

Following the positive update, QXR shares jumped as much as 13.04% to an intraday high of AU$0.026 apiece in early morning trade. 


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