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Greenwing Resources (ASX: $GW1) progresses drilling program at San Jorge project

Overview of Greenwing Resources' San Jorge Lithium Project update


Greenwing Resources Ltd (ASX: $GW1) has provided an update on its drilling program at the San Jorge Lithium Project in Argentina. The drilling program has confirmed increased lithium concentrations at depth, with the highest assay result reaching 248 mg/l Li at 342-360 m. The company is also planning additional TEM geophysics to expand the brine footprint, with a passive seismic survey currently underway. The maiden resource estimate for the project is anticipated early in the second quarter.

Executive commentary on San Jorge Project's progress


'Drilling continues to progress well at our San Jorge Project. We are excited about the potential to expand the footprint of the brine body further to the north and west, beyond the area of the Phase 1 drilling and existing geophysics. The expanded brine footprint would then be used to assist planning Phase 2 drilling.' 'Lithium concentration has increased at depth in all the holes drilled to date, giving us confidence regarding the brine concentration, while porosity results from down hole geophysical logging have been very pleasing, particularly in the thick gravel and volcanic derived unit below the basalts in hole SJDD04.' 'We look forward to delivering our maiden Mineral Resource Estimate, which we are looking to deliver early in the second quarter.'

Summary of Greenwing Resources' San Jorge Lithium Project update


Greenwing Resources Ltd (ASX: $GW1) has reported positive results from its drilling program at the San Jorge Lithium Project, with increased lithium grades at depth and plans to expand the brine footprint through additional TEM geophysics. The company is optimistic about the potential to define the thickness and extent of the brine body, which could add significant additional brine volume. The upcoming maiden resource estimate and ongoing brine process test work indicate the company's commitment to advancing the project. The San Jorge Project, located in Argentina's Lithium Triangle, holds strategic significance within the lithium mining sector and is poised to contribute to the electrification markets. Greenwing's exploration and development efforts align with the increasing demand for critical minerals in the transition to a cleaner future.

GREENWING RESOURCES LTD
GW1 | ASX | Materials
0.0440(+0%)
At close 05/07 (AEDT)
Market cap
$8.0M
Volume
50,000
DY Yield
0
PE Ratio
0
52 Week Range
0.04 - 0.27
1YR Return
1,000%

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