Chariot Corporation (ASX:CC9) Completes Phase 2 Drilling at Black Mountain
Drilling Program Completion
Chariot Corporation has finished its Phase 2 Drilling Program at the Black Mountain project in Wyoming, USA, drilling twenty shallow reverse circulation percussion holes and totaling 783.6 metres.
Exploration Results
The program intersected lithium mineralization grading over 0.5% Li₂O in five holes within the Northern Crest area. The grades ranged from 0.58% to 0.99% Li₂O over intervals of 0.6m to 1.8m. Geological mapping in the Southern Crest confirmed pegmatite outcrops, which will be evaluated in the next drilling phase.
Base Metal Mineralisation
The drilling also encountered low-level base metal mineralisation, with zinc up to 1.3% Zn and copper up to 0.15% Cu. Further drilling targeting base metals will not be pursued at this stage.
Future Exploration Plans
Chariot plans to conduct additional drilling in the Southern Crest area in 2025 and complete the drill testing of the Northern Crest and Northwest Flank areas based on the new understanding of pegmatite orientations.
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