ION Energy Ltd (CVE:ION) (OTCQB:IONGF) (FRA 5YB) reports that exploration has commenced at its 100%-owned Baavhai Uul Lithium Salar Project in southeastern Mongolia.
Highlights of the program include:
- Exploration camp built with 12 personnel on site
- Drilling rig on site and core drilling has commenced
- Truck-mounted auger drilling expected on site within weeks
- Company now holds licences on over 110,000 hectares
- Fully funded exploration on one of the world’s largest lithium salar holdings where no modern exploration has ever been completed
“Mongolia as a nation has shown prudence with respect to managing the pandemic and we are pleased to announce that our staff have all received two shots of the vaccine, built the exploration camp and the drill is now turning at Baavhai Uul, our flagship asset,” said CEO Ali Haji in a statement.
Meanwhile, the company has begun the expanded program to fast track the exploration of its Lithium Salar Projects in Mongolia. Drilling has commenced on at least 21 drill holes through the highlighted prospective basins. Sampling of sediments and aquifers will be completed during the drilling phase.
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Story by ProactiveInvestors
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