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Intra Energy (ASX: $IEC) identifies compelling lithium anomalies

Intra Energy's Lithium Anomalies Discovery


Intra Energy Corporation Limited (ASX: $IEC) has announced the identification of additional lithium anomalies from new assays results received for the southern part of the recently completed soil sampling program at the Maggie Hays Hill (MHH) project in Western Australia. The company has identified two new, large-scale, high priority lithium anomalies, with a first-pass RC drilling program scheduled for the June quarter.

Executive Commentary


We are very pleased with the results of the final part of the soil program at Maggie Hays, which has delineated two new compelling lithium targets that are also highly anomalous in caesium and tantalum, key pathfinder elements used to identify pegmatites in the spodumene enrichment zone. The new large-scale lithium targets extend over strike lengths of 2,500 metres and 1,300 metres respectively. IEC has now identified multiple lithium targets and has scheduled a drilling program for the June quarter.

Summary of Lithium Anomalies Discovery


Intra Energy Corporation Limited (ASX: $IEC) has revealed the discovery of two new, large-scale, high priority lithium anomalies at the Maggie Hays Hill (MHH) project in Western Australia. The anomalies, strongly associated with outcropping lithium-caesium-tantalum (LCT) enriched pegmatites, have lithium values up to 248ppm Li2O. The company has scheduled a first-pass RC drilling program for the June quarter to test the targets. The project is located adjacent to the Maggie Hays mine, processing infrastructure, and camp recently acquired by Mineral Resources Limited as a regional lithium processing hub. IEC's Managing Director, Ben Dunn, expressed satisfaction with the results and highlighted the company's identification of multiple lithium targets. The project's prospectivity for lithium, nickel, and gold, along with the scheduled drilling program, indicates a positive outlook for Intra Energy's exploration endeavors.

INTRA ENERGY CORPORATION LIMITED
IEC | ASX | Energy
0.0020(+0%)
At close 05/07 (AEDT)
Market cap
$3.4M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.008
1YR Return
-97.5%

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