Leading Edge Materials Corp. is pleased to announce the commencement of a second drill program at the Bergby lithium project in Sweden.
Granted permits allow for up to 48 new drill sites that will allow the implementation of a phased program focused on expanding the area of lithium mineralization, and collecting samples for metallurgical testwork. It is anticipated that this drill program will be approximately 900m of targeted drilling.
Leading Edge Materials received positive results from the drilling at Bergby completed during the first half of 2017. Li2O (lithium oxide) mineralized pegmatite was intersected in 17 of the 18 holes drilled, consistently at very shallow depths.
This second drill program at Bergby will test along strike and down dip from previously drilled mineralization. Lithium mineralized outcrops and boulders are known from a strike length of more than 1.5km, more than twice the strike tested by any previous drilling. The lithium mineralized pegmatite dips at shallow depth, and multiple down dip holes are planned for each drill section.
Blair Way, President and CEO, stated "Bergby has rapidly shaped up as a highly ranked lithium project in the Nordic region. Following our previous drill success, we have moved quickly to access the permits and the drill rig needed to advance this exciting prospect. The lithium mineralized pegmatite remains open in all directions, and the along strike and down dip potential will be well tested by this program."
Bergby lies in central Sweden, 25km north of the town of Gavle, secured by three exploration licenses that cover a total of 1,903 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries. The potential for low cost and rapid development is significantly enhanced by the presence of a deep-water port only 5km from the site.
Europe is playing a leading role in the transition to low-carbon energy generation from renewable sources, and the efficient storage of that energy. Electric mobility (EV's, HEV, PHEV's) and stationary electricity storage are dependent on high purity graphite, lithium and cobalt, where Leading Edge Materials is an active European player. Lithium has a strong and expanding market, due to the essential role it plays in lithium-based batteries for the automotive, consumer product and stationary electrify storage industries. The high electrochemical potential of lithium results in the high power to weight ratio that is essential for efficient mobile batteries.
On behalf of the Board,
Blair Way, President & CEO
The qualified person for the Company's exploration projects, Mark Saxon, Director of Leading Edge Materials and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release.