I believe this morning news will bring investors to REZZF.
The management is well educated in mining and wouldn't have made the deal if they didn't strongly believe large deposits of lithium exist there.
Global Battery Metals Significantly Expands Land Position at Leinster Lithium Project with Additional Option Agreement
Secures Option to Acquire New Strategic Licenses Adjacent to Current Knockeen Lithium Pegmatite Project, more than Quadrupling Key Southern Block Land Holdings
Key Highlights:
Secures option to acquire six new contiguous licenses (four granted/two pending under application) covering an additional 249 km2 adjacent to its Knockeen Lithium Pegmatite Project, more than quadrupling its southern license land position;
New licences strategically situated to extend GBML’s exploration of a new and significant lithium-bearing spodumene pegmatite system at PL 1597, progressing SW and in-line with the East Carlow Deformation Zone (“ECDZ”);
Recent near-surface trenching chip sample assays from one of the pegmatite dikes show values of up to 2.55% Li2O at a depth of only 2m in the NE-SW trending dike swarm; and
Total project package now consists of 22 prospecting licenses covering ~775 km2, situated along strike to Blackstairs Lithium (Ganfeng / ILC joint venture) Avalonia Project.
Vancouver, British Columbia – December 13, 2023 – Global Battery Metals Ltd. (the “Company” or “GBML” or “Global Battery Metals”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral exploration company focused on growth-oriented lithium and battery metal projects, is pleased to announce a strategic expansion of its Leinster Lithium Project exploration activities with the exclusive option to acquire six (four granted/two under application) additional southern license block mining claims1 (the “Claims”) covering an additional 249 km2. The new Claims border the Company’s PL 1597 Knockeen Lithium Pegmatite Project and are situated along the southwest strike with the recently discovered LCT pegmatite dike swarm (see Map 1 below).
Coming on the heels of GBML’s recent lithium pegmatite trenching results at Knockeen and 2.55% Li2O chip sample taken at a depth of just two metres (2m), as well as its earlier successful first round of exploration drilling at Knockeen which recorded 24 intervals of near-surface lithium intersects across nine holes, the decision was made to enter into an option agreement (the “Option Agreement”) with Tancred Resources Ltd. (“Tancred”) in order to secure the rights to select neighboring Claims. In total, the full Leinster Lithium Project footprint now comprises 22 mineral claims covering approximately 775 km2 and is situated along strike to nearby Blackstairs Lithium’s Avalonia Project (297 km2 joint venture between Ganfeng Lithium Co. Ltd and International Lithium Corp.).
The Claims tactically augment GBML’s existing holdings along and adjacent to the important East Carlow Deformation Zone, which is interpreted to control the emplacement of an existing LCT pegmatite field at the Blackstairs Mountains. Exploration data for the new Claims include soil geochemistry, magnetic and gravity surveys and mapping. The current information highlights the presence of chemical trace elements associated with LCT pegmatite which, coupled with the identified spodumene bearing pegmatites from 2023 drilling at Leinster, suggest that the LCT pegmatite field identified at the Blackstairs extends to the southwest, on the grounds covered by this acquisition.
Michael Murphy, CEO of Global Battery Metals, underscored the importance of this expansion, stating: “Knowing what we now know about the near-surface opportunities and consistency that we’re seeing in this NE-SW trending dike swarm, seizing this strategic expansion opportunity was an easy decision to make. GBML has had our eye on these additional licenses for some time now, but up until recently the land was unavailable. Given the proximity to not only our own active exploration, but also to Blackstairs Lithium’s expansive drill program plans, GBML’s new southern tract of project licenses is a significant district addition. We’ve been tracking exploration progress in and around PL 1597 throughout 2023, and have seen the focus area expand in lockstep with favourable geologic reporting. We thank the Tancred team for their partnership and we are looking forward to expanding our exploration efforts.”
AI
