IronRidge reveals high-grade lithium drilling results from West African project

Exploration firm IronRidge Resources revealed high-grade lithium drilling results from its Ewoyaa project in Ghana, West Africa on Tuesday.

IronRidge's initial assay results, covering 4,180m of the total 8,090m of planned reverse circulation drilling, revealed multiple broad, high-grade drill intersections of 0.5% lithium oxide.

The AIM-listed group also discovered internal dilutions ranging from three to 115m between 1.21% and 2.6% Li2O.

In parallel, regional exploration programmes were ongoing, with field teams were finalising laser induced breakdown spectroscopy soil sampling programmes.

Chief geologist Len Kolff, said, "The initial drilling results represent a significant milestone for the Cape Coast Lithium portfolio, with broad, continuous and high-grade lithium pegmatite intersections returned."

"Long drill intersections of 128m at 1.21% and 111m at 1.35% Li2O as well as very high-grade intersections up to 3m at 3.29% Li2O is a fantastic result for a first phase drill programme; confirming Ewoyaa as a significant discovery and providing confidence for further exploration success within the portfolio," added Kolff.

As of 1020 BST, IronRidge shares had shot up 8.76% to 24.20p.