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Greenpower Energy confirms lithium potential in Guyana

Published: 15:00 30 Mar 2017 AEDT

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Results of up to 1.04% lithium received

Greenpower Energy (ASX:GPP) has received results of up to 1.04% lithium from a rock chip sampling program at its Morabisi Lithium and Tantalum Project in Guyana.

The project is located within a mineral-rich greenstone belt in Central Guyana.

The sampling results are encouraging, given the generally weathered/oxidised nature of the rocks at the Turesi Ridge area.

In the coming months, an airborne geophysical survey is expected to be undertaken to focus on the follow-up work.

The lithium mineral has been provisionally identified from field inspection as a pale green variety of spodumene, hiddenite.

Greenpower is currently awaiting laboratory XRD analysis to confirm the lithium minerals present, with results expected in the next 1-2 weeks.

The assay results received to date in addition to the identification of spodumene confirm that the area has the potential to host a significant lithium deposit.

Greenpower is preparing to undertake an airborne geophysical survey to assist in identifying additional areas that may host pegmatites similar to the Turesi Ridge area.

The company has exclusive rights to earn up to a 74% interest in the project and is fully funded for all earn-in stages.

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