Premier African Minerals Ltd (LON:PREM) has announced what it describes as encouraging initial results from drilling at the Zulu lithium and tantalum project in Zimbabwe.
It told investors that drill hole 1A has confirmed significant lithium grade, up to 2.33% lithium oxide, with lithium oxide encountered between 214 and 238 metres down hole.
Another hole, ZDD 10, encountered lithium mineralisation between 78 and 121 metres, with grades measuring up to 2.35%.
Results are still awaited from a further eight holes drilled in the recent programme, meanwhile tantalum readings are pending for all holes.
George Roach, Premier African Minerals chief executive, said: “These latest assay results from Zulu are very encouraging indeed and we await the balance of the drill-hole results from this extensive drilling programme over the 3.5 km strike of the Zulu deposit drilled to date.
“When all results are in, the company intends to issue a maiden lithium resource report on what the company sees as a project of significance."
He added: "We have seen lithium bearing pegmatites (mainly spodumene and petalite) to vertical depths of over 200 meters and along the entire strike length of some 3.5 km, with some holes showing visible lithium mineralisation over drilled widths of up to 37 metres."