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Force Commodities enters trading halt ahead of lithium drilling results

The company is exploring prospective lithium ground in the DRC.

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RC drilling at the Kanuka Lithium Production Project

Force Commodities Ltd (ASX:4CE) has been granted a trading halt from the ASX pending an announcement regarding drilling results from the Kanuka Lithium Production Project in the Democratic Republic of Congo (DRC).

The halt will remain in place until the earlier of the start of trading on Thursday, December 6, or until an announcement is released to market.

The phase-one reverse circulation (RC) drilling program at Kanuka has confirmed widespread shallow lithium mineralisation within multiple stacked and parallel mineralised pegmatites.

 

Phase I RC drilling was designed to rapidly target near-surface lithium mineralisation hosted within exposed pegmatites and confirm interpretations from surface geological mapping completed earlier this year.

A diamond drill rig is on site and the phase I diamond drilling program will follow the RC drill program, upon review of the RC drilling results.

Diamond drilling is expected to add valuable geological and structural information to assist in constraining the RC drilling and geochemistry information.

READ: Force Commodities continues to advance Kanuka Lithium Production Project

Kanuka is a joint venture between Force and established Congolese tin and tantalum mining company MMR, with Force holding 51%.

The project is 5 kilometres south of the Manono-Kitololo Lithium Project owned by AVZ Minerals Ltd (ASX:AVZ).

Quick facts: Force Commodities Ltd

Price: 0.018 AUD

ASX:4CE
Market: ASX
Market Cap: $9.14 m
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