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109.15
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109.15
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Chariot Corporation (ASX:$CC9) halts Black Mountain drilling for year-end holiday period

Chariot Corporation's Black Mountain Project Drilling Update


Chariot Corporation Limited (ASX:$CC9) has temporarily halted drilling activities at the Black Mountain Project due to the year-end holiday period. The company completed six diamond drill holes totaling 652 meters and plans to restart the Phase 1 Drilling Program in early January 2024. Initial assay results are expected later in January 2024.

Executive Commentary on Black Mountain Drilling Update


The early winter conditions in Wyoming posed challenges for our drilling operations, leading to slower progress than planned. However, with the weather conditions moderating significantly, we are optimistic about restarting the drilling program in early January 2024, weather permitting. We are committed to continuing our exploration activities and look forward to the initial assay results expected later this month.

Summary of Black Mountain Drilling Update


Chariot Corporation's temporary halt in drilling activities at the Black Mountain Project due to harsh winter conditions has impacted the progress of the Phase 1 Drilling Program. Despite the challenges, the company remains optimistic about restarting the program in early January 2024. The initial assay results expected later this month will provide valuable insights for the company's exploration activities. With the forecast of milder winter conditions, Chariot plans to proceed with the Winter Drilling Program, subject to weather, until 1 March 2024. The company's focus on discovering and developing high-grade lithium opportunities in the United States remains unwavering, and it continues to pursue its exploration goals with determination.

Sourcehttps://announcements.asx.com.au/asxpdf/20240108/pdf/05z7dl17lrzdys.pdf

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