Sign up Australia
Proactive Investors - Run By Investors For Investors

Greenpower Energy reveals high-grade lithium from Morabisi Project

Further high-grade returns from Turesi region has extended Morabisi Lithium Project.
Picture of lithium symbol on periodic table
Circa 30% of grades from Morabisi have featured lithium grades in excess of 1%

Greenpower Energy Limited’s (ASX:GPP) latest results from its Morabisi Lithium/REE project located in Guyana, South America have featured encouraging lithium values.

Assays of up to 2.41% lithium were recorded from the Turesi Ridge area of the project, also resulting in an expansion of the mineralised zone at Turesi.

More than 130 samples across a 10,000 square metre zone have been collected, of which circa 40 revealed assays greater than 1% lithium.

Recent returns follow identification of grades up to 2.6% lithium in October

Grades in excess of 2% were found in 10 assays from the group just sampled, and that follows on from a successful trenching campaign in 2017.

When grades of up to 2.6% lithium were announced in October intense interest surrounded the company.

This news resulted in Greenpower’s shares more than doubling under record volumes to an intra-day high of $0.03.

Circa 50% of Turesi analyses have now been received with the remainder expected over the coming weeks.

View full GPP profile View Profile

Greenpower Energy Ltd Timeline

June 20 2017
January 23 2017
December 02 2016

Related Articles

cobalt on the periodic table
March 06 2018
Avondale is 13km from the company’s Fifield Project in New South Wales and previous exploration work focused on whether the deposit was rich in platinum group metals.
July 18 2018
Tsodilo Resources is currently evaluating a diamond project situated right in the heart of one of the world's most prolific diamond-producing areas
Gold bars and gold mining operation
March 28 2018
The AUD gold price is trading near its all-time highs at around A$1,750 per ounce.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use