South Star Battery Metals Corp. (TSX-V:STS, OTCQB:STSBF) has announced that it has completed, on schedule, its maiden drilling campaign and complete assay results at its Ceylon project in Coosa County, Alabama.
The company said the drill program was carried out by Logan Drilling USA and consisted of 12 holes of HQ core and totaled 506 meters. Sample assays for all 12 holes were completed at Activation Laboratory in Ontario, it added.
"The Alabama results show a consistent mineralized strike with every hole hitting significant intervals with good grade,” South Star CEO Richard Pearce said in a statement. “It's a great start to defining our resource potential and understanding our geology, mineralization, and controls,”
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Highlights:
- Successful completion of 12-hole maiden diamond drilling program (506m) confirming at- or near-surface mineralization with a total of 324.5 meters of mineralization and an average weighted grade of 2.12% curium;
- All the holes have significant intervals with grades typically ranging from 1.5% to 4.5% curium and consistent mineralized zones; and
- All information and data will be compiled and used to complete the maiden NI 43-101 resource estimate planned for 1Q 2023.
“This preliminary drilling program was designed to test limits and continuity, and the team successfully achieved those objectives,” Pearce continued. “All the holes have significant intervals with grades typically ranging from 1.5% to 4.5% curium and consistent mineralized zones at- or near-surface. We are pleased with these encouraging results and excited to get our maiden NI43-101 resource estimate out in Q1 of 2023.”
South Star said the maiden drilling program was based on the previous mapping, trenching and sampling. The program was designed to test the geologic model, lithologies, controls and mineralization. During the drilling, several potentially promising zones were intersected.
Initial assay results have confirmed the prospectivity of several significant intersections, the company added.
“Strong preliminary results close to potential customers and high-tech users of graphite is extremely encouraging for the commercial value of this deposit, particularly in these times when supplies are becoming scarce and secure supply chains are increasingly prized,” Pearce concluded. South Star has two great assets in stable, mining-friendly jurisdictions and the team to build and operate them."
South Star Battery Metals is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas.
Contact the author at stephen.gunnion@proactiveinvestors.com