Premier African Minerals (PREM.L) – CORP: Zulu update
Market Cap: £7m; Current Price: 0.4p
Visible lithium mineralisation in first two holes
The first two holes of a twenty hole drill programme have been completed.
The holes intersected massive visible spodumene petalite lithium mineralisation with 14m of mineralisation in hole ZZD14 and 26m of mineralisation in ZZD16.
Sample preparation for assays underway.
NORTHLAND CAPITAL PARTNERS VIEW: The presence of visible lithium mineralisation from the first two drill holes at Premier African Minerals’ Zulu Project, located in Zimbabwe, is encouraging but we await assay confirmation to assess its significance. The hardness and the extent of mineralisation has meant that drilling has been slower than expected, a second drill rig has now been deployed to speed up progress.