Global Battery Metals (REZZF) Mobilizes Drilling At Lithium Site; Stock Declines In Early Trading
What is going on with REZZF?
Global Battery Metals (REZZF) stock declined today after the mineral exploration company announced they had mobilized its drilling contractor, Priority Drilling Limited, to drill six proposed holes at its North-West Leinster Lithium Project in Ireland. Shares of REZZF fell 1.94% as of Friday at 9:41am.
The company’s exploration is focused on metals that make up and support the rapid evolution to battery power.
What does this mean for Global Battery Metals?
The commencement of drilling at the Leinster Lithium Project marks a milestone for the company, as they will break ground on their area of 477.39 square kilometers. The first three holes will be tested for prospecting samples, as well as for the highest values of lithium reported in the base overburden grid survey. The remaining three holes will be collared further to the NE along the same contact zone and will be sited based on the information gained from the initial dig.
“We are pleased to have mobilized our drilling contractor to begin our fully funded drill program at the NW Leinster Project in Ireland,” stated Michael Murphy, President and CEO of GBML. “Drilling will test both the best prospecting samples as well as the highest values for lithium reported in the base overburden grid, as is expected to be completed within two weeks.”
The site is located predominantly within the Wicklow Mountains, which forms a large belt of continuous upland area trending in a NE-SW direction, to the south and south-west of Dublin.
Global Battery Metals Ltd is a Canadian exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in Lara Property; Fortner and Boyd Lithium Property; North West Leinster Lithium Property and Wells Vanadium project. Geographically, it has a presence in Ireland, the United States of America, and Peru.
www.ferroalloynet.com
