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Wednesday 26 June 2024

OzAurum Resources (ASX:OZM) commences diamond drilling

Article
OzAurum Resources (ASX:OZM) has commenced diamond drilling at the Boca Rica Lithium Project in Brazil with the Company owned diamond drilling rig, OZM MD/CEO Mr Andrew Pumphrey onsite supervising the drilling.
Highlights
  • Spodumene zone identified at 3,871ha Boca Rica Lithium Project.
  • Boca Rica offers extensive LCT pegmatite swarms that have been observed over 1.7 kms and provide the scale to make a significant lithium discovery.
  • Company is well funded with approximately A$1.4 million cash to undertake the exploration strategy in Brazil.
  • Company remains in negotiations on further advanced lithium opportunities in the State of Minas Gerais Brazil.
Commentary
CEO and Managing Director, Andrew Pumphrey, commented:
“We are excited to commence diamond drilling at the Boca Rica Lithium Project in Brazil. This project offers us scale to make a significant lithium discovery with current tenure area of 3,871 ha.
Additionally we are still actively negotiating on additional advanced lithium acquisition opportunities. We are very excited by the Brazil lithium, niobium + REE opportunities and look forward to exploring and providing updates to shareholders.”

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