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BELGRADE (Serbia), September 16 (SeeNews) – Australian company Jadar Lithium, formerly South East Asia Resources, plans to launch follow-up drilling at its Vranje South lithium and boron project in Serbia in October, it said on Monday.
Jadar Lithium has selected its first zone for follow up works on its Vranje South project with the aim to select preliminary scout drill targets, it said in a filing with the Australian Securities Exchange (ASX).
"Works will include a further analysis and reinterpretation of the gravity survey data, reconassions programmes to confirm initial scout drilling locations and the drilling contractor selection," Jadar Lithium said.
The purpose of the planned scout drilling programme will be to test the identified geochemical, gravity and magnetic anomalies and scope the geology of the basin to understand the potential for mineralisation, the company added.
In July, Jadar Lithium said it detected elevated lithium and boron values during its detailed rock sampling programme at the Vranje South project.
Jadar Lithium agreed in December 2017 to acquire the entire capital of Centralist Pty Ltd which holds five Serbian lithium exploration licenses - Cer, Bukulja, Rekovac, Krajkovac, and Vranje-South - covering a total area of some 328 square kilometres.