Zinnwald Lithium PLC Start of Exploration Drilling at Falkenhain (1863Y)
05 Septiembre 2022 - 1:00AM
UK Regulatory
TIDMZNWD
RNS Number : 1863Y
Zinnwald Lithium PLC
05 September 2022
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the UK Market Abuse Regulation.
With the publication of this announcement, this information is now
considered to be in the public domain.
Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector:
Mining
5 September 2022
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Start of Exploration Drilling at Falkenhain
Zinnwald Lithium plc, the German focused lithium development
company, is pleased to announce that it has started its exploration
drilling programme on its Falkenhain exploration license having
received all necessary permits and permissions from the appropriate
authorities.
The Company's Falkenhain exploration licence is located 7km
north from the core Zinnwald Licence. The licence area was
historically extensively explored for occurrences of tin and
tungsten with drilling undertaken most recently between 1963 and
1990. The Company has performed a detailed review of the historic
data including assaying samples of the surviving core from these
campaigns. The length of the greisen (lithium containing ore)
intersections and the Li-content indicate clear potential for a
significant lithium resource. The Company has therefore designed an
exploration drill campaign of ten diamond drill holes to test the
historic drill data and better determine the resource potential of
the licence.
The Company is looking forward to making progress with the
exploration drill programme in the coming months.
Zinnwald Lithium CEO, Anton du Plessis, commented: "We are
delighted to start exploration drilling activity at Falkenhain. The
license area is located close to the Zinnwald Lithium Deposit,
where an in-fill drilling programme is also underway, and, if its
potential can be proven, could represent important upside for the
broader Zinnwald Project."
*ENDS*
For further information visit www.zinnwaldlithium.com or
contact:
Anton du Plessis Zinnwald Lithium info@zinnwaldlithium.com
Cherif Rifaat plc
David Hart Allenby Capital
Liz Kirchner (Nominated Adviser) +44 (0) 20 3328 5656
---------------------- --------------------------------
Oberon Capital Ltd
Michael Seabrook (Broker) +44 (0) 20 3179 5300
---------------------- --------------------------------
Isabel de Salis St Brides Partners zinnwald@stbridespartners.co.uk
Catherine Leftley (Financial PR)
---------------------- --------------------------------
Notes
AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focussed on
becoming an important supplier of lithium hydroxide to Europe's
fast-growing battery sector. The Company owns 100% of the Zinnwald
Lithium Project in Germany, which has an approved mining licence
and is located in the heart of Europe's chemical and automotive
industries.
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END
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