Chariot Corporation is hoping for a long, hot, lithium-finding North American summer in Wyoming
Meanwhile AustChina Holdings is hunting the ‘white gold’ in Tanzania
And Astute Metals hits high-grade lithium clay mineralisation Nevada, USA
Here are some of the biggest resources winners in early trade, Wednesday June 19.
Chariot Corporation (ASX:CC9)
Lithium hunter Chariot has launched into its North American summer lithium hunt in Wyoming and investors are digging the news – CC9 is currently up about 20% intraday.
The company notes it’s appointed ERM Australia Consultants to assist with the design and implementation of the summer hunt. And that’s a group which reportedly has a good deal of experience when it comes to hard-rock lithium operations locally and globally.
The exploration program will be focused on Chariot’s Black Mountain project, but will also extend to a hunt across its six other lithium-caesium-tantalite (LCT) pegmatite projects in Wyoming.
Essentially the plan is to drill some 3,000 to 4,000m using portable rigs, before a larger, truck-mounted drilling program takes place.
The highest lithium values from rock-chip sampling to date at the Black Mountain project have been recorded as being between 1.09% and 6.38% Li2O.
AustChina Holdings (ASX:AUH)
Drilling has begun at AUH’s Chenene Lithium Project in Tanzania, targeting multiple high-priority lithium prospects.
Initial diamond core drilling involves eight holes initially, with potential for expansion. The first hole has encountered pegmatite starting from a depth of six metres, near surface outcroppings.
Meanwhile, AustChina has also signed an Exclusive Binding Heads of Agreement to conduct due diligence on acquiring four licences from Cassius Mining.
Drill results will be available once analysis comes back from lab testing, notes AUH.
Astute Metals (ASX:ASE)
More lithium. Surprising, yes? Pleasantly so at least for believers in the critical battery metal.
Astute Metals is also digging around for “white gold” in the USA and ASE is up nicely on some fresh results from its maiden RC drilling campaign at the Red Mountain lithium project in Nevada.
It’s talking high-grade lithium clay mineralisation in assays returned from the first three holes, indicating the potential discovery of a significant lithium deposit.
Specific highlighted returns include: 59.4m at 1,300ppm Li from 73.2m; 15.2m at 810ppm Li from 15.2ml; and 6.10m at 1,050ppm Li from surface and 12.2m.
The company notes that intersections span over 4.6km of strike at the project.
With the drill campaign now complete, assay results from a further eight holes should be incoming by the end of July.
Source: Astute Metals
Dreadnought Resources (ASX:DRE)
Critical minerals hunter Dreadnought is bringing some non-lithium-based gains today.
The company has announced pleased to announced it’s extended the current Tarraji-Yampi drilling set-up to the Gifford Creek and Tiger targets at its Mangaroon project, which is in the Gascoyne Region of Western Australia.
There’s a bit going on at Mangaroon – nickel, copper, PGE, gold, REEs.
The company describes it as a “globally significant critical minerals complex” with a combined, independent Resource at the Yin Ironstones and the Gifford Creek carbonatite of 40.82Mt at 1.03% TREO.
Dreadnought notes that a reverse circulation (RC) drill rig has been secured to begin the drilling at the Gifford Creek Nb-REE carbonatite targets in July 2024, immediately following the Tarraji-Yampi drill program.
Drilling has commenced at Tarraji-Yampi, and we’re ahead of schedule! Following a promising Cu-Au review, we’ve identified 6 high-quality targets for our drilling program.
Read more: https://t.co/2zuqNtboKI. pic.twitter.com/niDBQxdAwr
— Dreadnought Resources (@Dreadnought_Res) June 18, 2024
All drilling underway and planned includes:
• Copper-gold drilling (6 holes, ~1,640m) at Tarraji-Yampi (underway)
• Niobium/REE drilling (15 holes, ~1,500m) at the Gifford Creek carbonatite commencing after Tarraji-Yampi
• Copper-zinc-silver-gold drilling (6-9 holes, ~1,500m) at the Tiger volcanic massive sulphide target following Gifford Creek drilling
• And gold drilling (13 holes, ~800m) at the Two Peaks, Popeye and Diamond historical gold mines.
Dreadnought’s MD, Dean Tuck, said: “The programs at Mangaroon will include extensions to thick, high-grade niobium, testing areas of deeper weathering for niobium accumulations as well as our first test of the exciting Cu-Au, Zn-Ag VMS target at Tiger.”
At Stockhead we tell it like it is. While Chariot Corporation is a Stockhead advertiser at the time of writing, it did not sponsor this article.
The post Resources Top 4: Chariot swings high as at least three ASX lithium juniors make strong moves appeared first on Stockhead.
