Charger Metals (ASX:CHR) is set to commence a ~3,000m RC and diamond drilling program at its 100%-owned Lake Johnston Lithium and Gold Project in Western Australia, following encouraging results from recent drilling at the Richard Gold Prospect and the high-grade "Xmas Gold Discovery."
Drilling approvals are in place, and the program, starting January, will target the Xmas Gold Discovery, Medcalf Lithium Deposit, and Medcalf West Exploration target.
Recent highlights include Richard Gold prospect hole CLGRC025, which returned 8m @ 0.86 g/t Au from 60m (4m composites), adding to historical intercepts including 5m @ 7.15 g/t Au from 24m (including 2m @ 16.36 g/t Au) and 12m @ 0.60 g/t Au from 52m (including 2m @ 2.23 g/t Au).
At the Xmas Gold Discovery, hole CLGRC022 returned 12m @ 6.55 g/t Au from 132m, including 4m @ 16.9 g/t Au, and 8m @ 1.57 g/t Au from 148m, within a trend exceeding 2km that has not been previously drilled.
Charger will undertake diamond drilling to confirm the style and orientation of mineralisation and test up and down dip extensions, along with further soil sampling and geophysical interpretation.
The Medcalf program will test down-dip and down-plunge extensions of the Spodumene deposit where the best lithium grades and widths have been identified and explore a 700m strike at Medcalf West to 180m depth.
At the time of reporting, Charger Metals' share price was $0.13.