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Premier1 Lithium Limited (ASX:PLC) has announced the assay results from its maiden drilling program at the Yalgoo Project. This drilling initiative was strategically designed to investigate extensions of known gold mineralization in areas such as Olive Queen, Crescent, and Carlisle. Additionally, the program included first-pass drilling at new target areas that had been identified through a combination of recent geochemical sampling, drone magnetics, and a comprehensive litho-structural study.
The findings from this drilling program have been significant. They’ve not only confirmed the presence of high-grade gold mineralization but also successfully extended the known mineralized trends. Furthermore, a new mineralized system was discovered to the west of Olive Queen. These results collectively emphasize the substantial exploration potential that exists across the broader Yalgoo Project area.
Jason Froud, the Managing Director of Premier1 Lithium Limited, expressed his satisfaction with the outcomes of the maiden drilling program at Wadgingarra, noting it was the first drilling effort in over 40 years. He highlighted that the drilling had yielded some of the highest-grade intercepts ever recorded at the project.
The results confirmed high-grade gold at Carlisle, with one intercept showing 10m at 3.1 g/t Au from 19m including 7m at 4.3 g/t Au. At Crescent South, drilling revealed exceptional gold intercepts, including 3m at 31.5 g/t Au from 97m with 1m at 91.9 g/t gold, and another intercept of 1m at 27.2 g/t Au from 83m.
A new mineralized system was also identified west of Olive Queen, with the first drilling in the area intersecting 1m at 1.5 g/t Au from 96m within 5m at 0.4 g/t Au.
This new area, along with associated pathfinder element anomalism, presents a new exploration front for the company. Froud noted the strong structural and geochemical support for further discovery in this zone.
Froud stated, “We are very pleased with the results from our maiden drilling program at Wadgingarra and the first in over 40 years. The drilling has delivered some of the highest-grade intercepts recorded on the project to date…These results underscore the effectiveness of our integrated exploration approach and support our belief that Wadgingarra has significant potential to host multiple gold-bearing structures. We look forward to building on this momentum with follow-up drilling and continued refinement of our geological models as we work towards defining a robust pipeline of targets for future resource development.”
Full announcement results can be seen here.
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