Bacanora Minerals Ltd. (TSXV:BCN) completed a 10 hole, 1,476 metre drill program on the Fleur and El Sauz concessions in northern Mexico, a joint venture with Rare Earth Minerals PLC (AIM:REM). The Company released further significant lithium-bearing intervals from the analytical results of core samples taken from diamond drill holes ES-02, ES-03 and ES-04, as well as the clay intercepts in the remaining holes.
As quoted in the press release:
Martin Vidal, President of Bacanora, commented “we are very pleased with the lithium values obtained in holes ES-02 to ES-04 as well as the widths of intercepts of the clay units in holes ES-03 to ES-10. These results, again, demonstrate the continuity of the lithium-bearing clay units onto the El Sauz and Fleur concessions and highlight the potential for a significant lithium resource to be developed on the joint venture lands. The results remain consistent with those found at the adjoining La Ventana deposit. When all of the results from the first phase drill program are available, management intends to provide an initial lithium resource estimate for the El Sauz and Fleur concessions.”