Discovery Alaska Ltd (ASX:DAF) traded larger on demonstrating additional proof of the lithium potential of Coal Creek prospect at the Chultina Venture in Alaska with affirmation from a handheld SciAps Z-901 laser-induced breakdown spectroscopy (LIBS) analyser.
The corporate is reviewing historic drill core at Coal Creek and re-analysing core samples with the intention of discovering a lithium useful resource and establishing a JORC-compliant useful resource.
Lithium mineralisation was detected by the hand held scanner in 12 historic holes, reinforcing Discovery’s determination to focus on stated holes as preliminary priorities for lithium analysis work.
This prompted a optimistic response from buyers with the corporate’s shares reaching a brand new 10-year excessive of $0.11, up 69.3% on the earlier shut.
Outcomes point out broad zones of lithium
“The corporate is happy to progress lithium exploration works at our Coal Creek prospect with optimistic scanning outcomes indicating broad zones of lithium in all drill holes examined so far,” Discovery Alaska director Jerko Zuvela stated.
“Subsequent stage works embrace laboratory evaluation testing of the possible core recognized from the scanned precedence drill holes.
“We look ahead to realising the lithium potential at our Coal Creek prospect and advancing works towards delineating a maiden JORC useful resource.”
DAF cautions that LIBS analysers take readings from a small window with out accounting for whole-rock concentrations inside an interval. Extra correct outcomes will probably be obtained from laboratory evaluation.
Coal Creek historic drill gap location map (scanned drill holes highlighted in pink).