Rio Tinto Exploration, a subsidiary of Rio Tinto, has begun a drilling campaign at Everest Metals Corporation's (ASX: EMC) North Rover Earn-in tenement (E57/1134). The reverse circulation (RC) drilling program will consist of approximately 1,400 meters across seven holes, each up to 200 meters deep. The objective is to target potential lithium mineralization hosted in pegmatite beneath weathered pegmatite outcrops. The program is expected to be completed within 10 days.
EMC is excited to have a major partner like Rio Tinto Exploration exploring this relatively underexplored area of their portfolio. The Rover Project, owned by EMC, is situated near Sandstone and covers a large tenure package of 460 square kilometers, encompassing two linear Archean greenstones. The project is located in a mineral-rich region associated with base metals and gold. The North Rover project, which Rio Tinto is farming into, pertains specifically to the northernmost portion of the Rover Project's exploration license (E57/1134).
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
