Balkan Mining and Minerals (ASX:$BMM) announcement overview

Balkan Mining and Minerals Ltd (ASX:BMM) has reported the successful completion of approximately 1,500 metres of a planned 2,500 metre drill program at the Gorge Lithium Project in Ontario, Canada. The drilling, conducted by Major Drilling Group International Inc, has resulted in the intersection of visible spodumene at the Koshman pegmatite occurrence, with 8 out of 10 completed holes showing promising results. The company eagerly anticipates assay results to confirm lithium grades.

Executive commentary on drilling results

The Managing Director, Ross Cotton, expressed optimism about the drilling results, stating, 'The consistent spodumene mineralisation encountered in the initial drill testing of the Koshman pegmatite occurrence is extremely encouraging and we can't wait to receive assay results which we hope will validate our theory that Gorge has the potential to become a substantial lithium deposit. With the last completed hole intersecting some 17m of visual spodumene, it appears that we're getting better results as we go along so we're hoping that the best of this program is yet ahead of us'.

Summary of Balkan Mining and Minerals (ASX:BMM) announcement

Balkan Mining and Minerals Ltd (ASX:BMM) has made significant progress in its drilling program at the Gorge Lithium Project, with visible spodumene intersected at the Koshman pegmatite occurrence. The company is looking forward to receiving assay results to validate the potential for a substantial lithium deposit. The successful drilling results indicate promising prospects for the Project, and the company remains optimistic about the future outcomes of the program.