Proactive Investors - Run By Investors For Investors

Leading Edge kicks off follow-up drill program at Bergby

Leading Edge received permits last month that allow for up to 48 further drill sites
LEM is looking to confirm that mineralisation extends for far more than 600 metres along strike

Explorer Leading Edge Materials Corp (CVE:LEM) has kicked off a second drill program at its Bergby lithium project in Sweden as it looks to build on the “excellent” results from the first round of drilling.

A small 18-hole drill program earlier this summer confirmed that mineralisation at the project extends for more than 600 metres along strike.

Since then, Leading Edge has been granted drill permits that allows for up to 48 new drill sites.

This second drill program will look to expand the area of lithium mineralisation and collect samples for metallurgical testwork.

It is anticipated that this drill program will be approximately 900m of targeted drilling.

Lithium mineralized outcrops and boulders are known from a strike length of more than 1.5km, more than twice the strike that has been drill tested to date.

‘An exciting prospect’

“Bergby has rapidly shaped up as a highly ranked lithium project in the Nordic region,” said chief executive Blair Way.

“Following our previous drill success, we have moved quickly to access the permits and the drill rig needed to advance this exciting prospect.

“The lithium mineralized pegmatite remains open in all directions, and the along strike and down dip potential will be well tested by this program.”

Bergby discovered last year

 Bergby was discovered by the Leading Edge Materials team early in 2016, and has already thrown up both high grades and a high hit rate of potentially mineralized pegmatite.

It lies in central Sweden, 25km north of the town of Gavle, secured by three exploration licenses that cover a total of 1,903 hectares (Ha).

The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries.

Shares were up 2.47% to C$0.83  on Thursday.

View full LEM profile View Profile

Leading Edge Materials Corp Timeline

Related Articles

Bryah Resources: Access latest PPT from Proactive's CEO Sessions
July 27 2017
Neil Marston introduced the Bryah Resources IPO to investors.
February 20 2018
Galileo's Star zinc project in Zambia is showing plenty of promise
King River Copper's Anthony Barton at Proactive's CEO Sessions
September 15 2017
Tony Barton discussed vanadium and copper-gold potential at Proactive's CEO Sessions.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use