Greenpower Energy spuds seventh drill hole at Morabisi lithium project

Greenpower Energy ASX GPP Morabisi lithium project Turesi prospect
Garant Orbit drill rig being towed from Turesi landing to drill site.

Greenpower Energy (ASX: GPP) has spudded the seventh hole of a drilling program at its 51% owned Morabisi lithium project in South America, while core samples from previous holes are being prepared to send to Australia for analysis.

The company today announced it had completed drill hole TD 006 on the Turesi prospect in the project, which is jointly owned by private Canadian company Guyana Strategic Metals.

The rig was then moved to begin drilling TD 007 last Thursday. Greenpower reported on Monday that operations were proceeding smoothly with drilling rates continuing at around 30m per day.

The joint venture partners began the drilling campaign in April to better understand the true extent of the lithium discovery at Turesi. About 15 to 20 drill holes are planned.

TD 006 is the sixth hole to be completed. It was designed to investigate a possible subsurface continuation of the Trench 9 lithium intersection and to test the ground between the lithologies intersected in the five earlier drill holes. Most notably, a massive 26m pegmatite showing varying amounts of silification was intersected in TD 003, completed at the end of April.

According to Greenpower, TD 006 encountered intervals hosting strong silification and two significant quartz-muscovite-pyrite veins.

Initial core logging also identified a 6.6m pegmatite containing spodumene mineralisation from 140.4m down hole. Conclusive confirmation of this mineralised interval can only be made once the core analyses of the intersection are to hand, Greenpower said.

The company reported that sample pulps from the first drill hole had arrived in Perth, Western Australia for analysis, while samples from TD 002 and TD 003 were currently being prepared in Georgetown for airfreight.

The half core samples from TD 004 have been shipped from the Turesi base camp to Georgetown for pulp preparation and cutting of the core from TD 005 is now in progress.

Greenpower executive chairman Gerard King said drilling of the seventh hole, TD 007, is “anticipated to provide significant infill data for the Turesi geology”.

“With the initial cores pulped and clearing customs in Australia we look forward to updating our shareholders with mineralised analyses,” he said.

Greenpower shares remained unchanged at A$0.009 by early afternoon trade on Monday.