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Premier African hits new high grades at Zulu

Drilling results from the Zulu project continue to provide encouragement
Premier African hits new high grades at Zulu
Drill core from Zulu

Premier African Minerals Limited (LON:PREM) has now completed a total of 21 diamond drill holes as part of its latest work programme at the Zulu lithium project in Zimbabwe.

The total length drilled amounts to 3,316 metres, the company said in a statement.

READ: Premier African raises £3.5 mln via PrimaryBid, requires no further capital for RHA

Among the highlights were three holes that contained multiple intersections, including 3.57 metres at 1.61% lithium oxide (Li2O), 5.27metres at 1.45% Li2O.

Assay results are still pending from a significant number of holes from the current drilling programme.

These initial assay results confirm the high-grade and tonnage potential of both the Main Zone as well as the recently discovered New Zone,” said chief executive George Roach.

WATCH: Zule PEA just around the corner, says CEO Roach

“Results from ZDD-21 and ZDD-23 are expected to add significantly to both confidence and grade in the maiden resource declared on 6 June 2017. We continue to encounter multiple wide drilling intersections of visible spodumene and petalite in both zones.”

Shares were up 6.9% to 0.35p in late afternoon trade on Monday.

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