Torque Metals Unveils Lithium Findings Adjacent to Bald Hill Lithium Mine

Torque Metals Limited (ASX: TOR) has today shared updates from its reverse circulation (RC) and Diamond drill campaign at the New Dawn Lithium Project, situated near the Bald Hill Lithium Tantalum mine. The ASX release highlights the completion of a roughly 5,000-meter RC drilling campaign designed to explore and expand the company’s initial Exploration Target, with all 17 RC holes consistently intersecting vertically stacked pegmatites. This discovery is further validated by Raman analysis and UV light, indicating the presence of spodumene, a critical lithium-bearing mineral.

The company’s ongoing diamond drill program aims to delve deeper into these pegmatite structures, with samples set for metallurgical testing. Additionally, the establishment of a site camp for approximately 18 people not only facilitates exploration operations at New Dawn but also at the adjacent Paris Gold project, showcasing the company’s broad scope of exploration activities.

Torque’s Managing Director, Cristian Moreno, expressed enthusiasm about the project’s progress, stating “Last week’s unveiling of the maiden Exploration Target signified a pivotal achievement for Torque, showcasing our strides in quickly deciphering the potential of the Lithium and Tantalum project. Situated near the active Bald Hill Lithium mine, our strategic location places us in a promising lithium-rich zone.

“Our recently completed RC drill campaign has again delivered, with every hole consistently encountering vertically stacked pegmatites. Further validation comes from the indication of spodumene via RAMAN analysis and UV light examination. We eagerly await the assay results expected in early March, which will offer crucial insights into lithium grades and potential mineral extensions. “With 17 RC holes awaiting assay results and ongoing diamond drilling, we anticipate announcing positive outcomes later this quarter. We have every confidence the results will validate our geological model.

“Our focus at Torque remains on advancing exploration at New Dawn while upholding disciplined capital allocation. I am eager to keep the market updated on our progress as we continue to demonstrate the potential of both New Dawn and the adjacent Paris Gold project.”

The ASX release details additional technical aspects of the drilling campaign, including the identification of spodumene through Raman spectroscopy and visual estimates under UV light. However, it cautions against relying solely on these visual estimates, underscoring the necessity for laboratory analyses to determine lithium grades and concentrations. 

Torque Metals’ exploration efforts at New Dawn, coupled with its strategic approach to exploration and asset development, position the company as a noteworthy explorer in the global shift towards sustainable energy resources that remain in high demand.