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Cougar Metals’ shares rise on sampling high grade lithium in Brazil

The samples returned grades between 1.5% and 9.29% lithium.
lithium on the elementary table
Two target zones - each circa 10 kilometres in strike

Cougar Metals NL (ASX:CGM) has received positive results from the first-pass soil and rock chip sampling at the Solonopole Lithium Project in Brazil.

The company’s shares were trading circa 12% higher intra-day, at $0.019.

Cougar’s grab sampling has returned high grade results within amblygonite (a mineral containing lithium) with the top 10 samples returning grades between 1.5% and 9.29% lithium.

The initial staged exploration results have confirmed high-grade lithium from grab samples in six of the ten identified outcropping prospects.

Importantly, two target zones (north and south) each circa 10 kilometres in strike have been identified with clusters of outcropping pegmatites.

The pegmatites are located in close proximity to larger surrounding granitic units.

The lower grade lithium zones have returned high grade tantalum with one sample returning 3534 ppm tantalum.

Cougar’s follow-up exploration will be focussed on extending the soil grids between the high-grade outcropping pegmatites to identify the regional trend of the hidden pegmatites below the soil cover.

Once the trend is defined, Cougar will undertake trenching along the strike extent to enable follow-up drilling.

Concurrently, the company is actively advancing its graphite interests in Madagascar.

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Cougar Metals NL Timeline

January 10 2018
March 23 2017
November 14 2016

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