Highlights from final analysis of the 2016 drilling program include: 24.4 metres at 1.48% lithium oxide from 10.9 metres including 9.0 metres at 1.95% lithium oxide.
James Anderson, CEO, commented: “Chameleon is an undeveloped asset with oxide open pit potential and exploration upside."
Stargroup will look to further add value to the customers of Indue post the acquisition and exploit synergies between the two complementary businesses.
The Oman government is seeking to development the sector and have capitalised a new company with A$200 million to invest in and support the development of mining projects in the country.
The broker noted: "RMR is maintaining its speculative buy on the back of further positive news as GGG moves into the development phase with a realistic pathway to production."
The commencement of diamond drilling at Crescent Lake means that Sovereign Gold will be leveraged to upcoming exploration news flow in the short term.
The board approval to commence the development phase at Second Fortune represents a core milestone for Exterra as it transitions from gold explorer to gold producer.
Assays of the intersections have revealed grades of up to 41.6 g/t gold. White Cliff is expected to complete 1,500-2,000 metres of drilling during the remainder of 2016.
Results confirm Gilbert Arc to be the highest grade graphite deposit discovered in Tanzania. The first batch of assay results from the infill program will be used in the expected resource upgrade scheduled for October.
Jon Dugdale, CEO, commented: "We now plan to accelerate exploration of our highly-prospective graphite, lithium, gold-silver and zinc-silver projects, with the objective of defining multiple targets for drilling."
The potential size of the newly identified system will be realised in the short term with a priority scout drill program now being prepared.
Aspire has presented at the Silk Road Summit conference in Washington D.C. to introduce the New Northern Corridor to a broad audience of government and funding stakeholders.