Leinster Lithium Project Grows Significantly
Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) has announced a strategic expansion of its Leinster Lithium Project. The company has secured an exclusive option to acquire six additional southern license block mining claims, more than quadrupling its southern license land position. This expansion positions the project to further explore and drill for lithium-bearing spodumene pegmatite, pertinent to the growing battery metal market.
Key Highlights of the Land Acquisition
– Six new contiguous licenses cover an extra 249 km2 adjacent to the existing Knockeen Lithium Pegmatite Project.
– Licenses progress southwest inline with the East Carlow Deformation Zone, promising for lithium exploration.
– Recent trenching and drilling results revealed up to 2.55% Li2O in pegmatite dikes, a positive indicator for lithium potential.
– The expanded land package now includes 22 prospecting licenses over approximately 775 km2.
CEO Michael Murphy highlighted the acquisition as a strategic move following encouraging drilling and assay results. The added claims enhance GBML’s exploration scope, promising future growth in lithium resources.
Terms of the Option Agreement
Under the Option Agreement with Tancred Resources Ltd., GBML may acquire a 100% interest in the new claims upon completion of specific payments and conditions within set timelines. These milestones are critical for expanding GBML’s lithium exploration and potential development projects.
Advancing Exploration and Environmental Compliance
GBML adheres to stringent environmental standards, exemplifying responsible mineral exploration. The Leinster Project advances in harmony with ecological guidelines and community consent. The Leinster Lithium Project, located in Wicklow and South Carlow, holds promise for lithium pegmatite discoveries, with the initial drilling phase yielding encouraging results.
About Global Battery Metals Ltd.
A leader in lithium and battery metal exploration, GBML continues to foster its projects in Ireland and abroad. Shares of GBML are listed on the TSX Venture, Frankfurt Stock Exchange, and OTC Markets. The company is focused on advancing its battery metal assets in a responsible and economically feasible manner.
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