Novo Lítio to start drilling in Sweden

Pegmatite outcrop at Spodumenberget. Photo: Novo Lítio

Australian Novo Lítio announces that it will start an initial drill programme at Spodumenberget, one of NLI’s Swedish lithium projects.

Surface sampling at Spodumenberget has previously yielded high-grade lithium values, including 2.77% Li2O, from spodumene-bearing rock chip samples. Mapping has shown the presence of pegmatite outcrops over a strike length of 340m, and up to 100m wide, with surrounding areas masked by glacial cover. This area will be tested by four initial drill holes, to ascertain whether any mineralised pegmatites of significant width are present at depth.

Pending approval from local stakeholders, landowners and authorities, NLI expects to commence drilling in late 2017.

Novo Lítio CEO David Frances commented: “Keeping with our goal to supply lithium from Europe for Europe, exploration work on our Portuguese and Swedish tenement portfolios continues to move forward, while we progress legal proceedings to enforce our rights over the Sepeda Lithium Project. Spodumenberget has exhibited encouraging high-grade lithium mineralisation at surface, so we are keen to test our exploration models with some firstpass drill holes. We look forward to keeping our shareholders informed of further developments.”