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Narryer Metals (ASX: $NYM) progresses lithium exploration in Canada

Narryer Metals provides update on Canadian lithium exploration projects


Narryer Metals Limited (ASX: $NYM) has announced progress on its lithium exploration projects in Canada, with drilling approvals underway for the Big Hill Project and fieldwork commenced in NW Ontario and the Northwest Territories. The Company has initiated the application process for permitting at the Big Hill Project, with drilling planned for Q3 2024. Narryer recently announced the planned acquisition of 70% of both the Big Hill and Fran Projects near the town of Yellowknife, Northwest Territories.

Executive commentary on Canadian lithium exploration projects


Narryer Metals' Managing Director Dr Gavin England stated, 'Narryer Metals has been progressing its Canadian Lithium Projects, with an on-ground team beginning fieldwork at the Sapawe Property in NW Ontario this week. The objective of this program is to identify LCT pegmatites in the field for sampling. We will then switch focus in mid to late May to the Zircon Lake Property, which is a true frontier opportunity, with all the geological ingredients required for lithium mineralisation, but in an area with no previous exploration. In addition to our NW Ontario work, the Company has begun the process of drill permitting at Big Hill, Northwest Territories. Big Hill has identified lithium mineralised pegmatites that we plan to drill this year as soon as all the approvals are received.'

Summary of Narryer Metals' Canadian lithium exploration update


Narryer Metals (ASX: $NYM) is making significant progress in its Canadian lithium exploration projects, with drilling approvals underway for the Big Hill Project and fieldwork commenced in NW Ontario and the Northwest Territories. The Company has also completed the reprocessing and interpretation of recently flown LIDAR and orthophotography at Big Hill, identifying new potential pegmatite dykes. Narryer's focus on the Sapawe and Zircon Lake Projects in NW Ontario demonstrates its commitment to identifying new lithium targets. The engagement of experienced lithium geological consultants and the planned acquisition of the Yellowknife Projects reflect Narryer's strategic approach to advancing its exploration initiatives. The Company's proactive approach to exploration and the identification of potential pegmatite dykes indicate a promising outlook for Narryer's lithium projects in Canada.

NARRYER METALS LIMITED
NYM | ASX | Materials
0.034-0.001(-2.86%)
At close 05/07 (AEDT)
Market cap
$3.7M
Volume
17,448
DY Yield
0
PE Ratio
0
52 Week Range
0.027 - 0.195
1YR Return
N / A

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