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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lithic Metals (SEE LSE:AFNR) | LSE:LMY | London | Ordinary Share | BMG5504H1051 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.375 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 0303K
Lithic Metals and Energy Limited
12 December 2008
Lithic Metals and Energy
("Lithic" or "the Company")
Additional Nickel Mineralisation Identified, Togo
Highlights
* Additional shallow nickel mineralisation from Kpot?rospect test pitting
* Intersections include 4m @ 2.27% Ni, 12m @ 1.30% Ni, 7.4m @ 1.44% Ni and 10m @ 1.41% Ni
* Additional nickel mineralisation encountered at nearby Mt Haito prospect
Lithic Metals and Energy (AIM:LMY) today announce analytical results from test pitting at its Kpot?nd Haito nickel prospects, Togo.
The Company has now completed test pitting across the Kpot hill prospect, where it has defined nickel mineralisation over a strike
length in excess of 1.5 kilometres and open at depth. Elevated nickel values trend towards the north beneath a blanket of laterite cover,
through which test pitting has proved ineffective due to depth of penetration limitations of the method.
At the nearby Mount Haito prospect, broadly-spaced test pitting has also encountered shallow nickel mineralisation over a 2 kilometre
strike length. Weathering of ultramafic lithology, the essential process required to enhance nickel values, appears to be less pronounced
at Mount Haito than that observed at Kpot?possibly explaining the typically lower nickel values encountered in pitting.
A table of significant pit intersections is presented below.
Commenting on these results, Lithic Managing Director Jim Kerr said "The results from this batch of test pitting that concluded in
August, builds on the positive nickel values generated from earlier pitting at Kpot?nd Haito. We look forward to results of an additional
regional test pitting programme already completed on other prospective nickel targets within the project area. We aim to demonstrate the
widespread nature of nickel saprolite mineralisation across a number of prospects at the Haito project."
For more information, please visit our website www.lithicme.com
Jim Kerr, Lithic Metals & Energy Tel: +61 8 9322 5804
David Youngman / Katy Mitchell, WH Ireland Limited Tel: +44 (0)161 832 2714
Laurence Read / Beth Harris, Threadneedle Tel: +44 (0)20 7653 9850
Communications
Table 1: Kpot?nd Haito Prospect Test Pitting Intersections
Pit Total UTM EAST UTM NORTH RL Intersections
Number Depth (Zone 31N) (Zone 31N)
Nickel % Co (ppm)
Kpot?est Pits
HKP050 10.2m 268,868 801,014 416 6m @ 0.55% Ni from 260
4.2m
HKP051 4.7m 268,375 801,231 506 4.7m @ 2.27% Ni from 256 *
0m
including 3m @ 3.12%
Ni
HKP052 7.6m 268,353 801,313 478 7.6m @ 0.60% Ni from 127 *
0m
HKP053 7.3m 268,448 801,314 503 5m @ 0.67% Ni from 96
1.3m
HKP054 2m 268,451 801,238 512 No significant
results
HKP055 12.2m 268,059 800,674 477 No significant
results
HKP056 6m 268,212 801,056 507 6m @ 0.81% Ni from 313 *
0m
HKP057 10.9 268,891 801,789 384 No significant
results
HKP058 3.8m 268,068 801,058 475 2m @ 0.67% Ni from 410 *
1.8m
HKP059 5.5m 269,191 801,481 383 No significant
results
HKP060 8.9m 269,119 801,861 372 4m @ 0.90% Ni from 873
2.9m
HKP061 8.3m 269,251 801,698 372 3m @ 0.84% Ni from 830 *
5.3m
HKP062 9.2m 268,732 800,891 426 No significant
results
HKP063 11.5m 267,905 801,034 452 4.5m @ 0.57% Ni from 191
0m
HKP064 5m 269,233 801,970 366 2m @ 0.67% Ni from 810
1m
HKP065 6m 269,323 801,769 369 No significant
results
HKP066 5.2m 267,776 800,908 425 No significant
results
HKP067 9.8m 267,912 800,904 485 3m @ 0.61% Ni from 213 *
3.8m
HKP068 1.2m 269,480 802,140 356 No significant
results
HKP069 11.8m 268,052 800,800 507 9m @ 0.82% Ni from 837
1.8m
HKP070 9.8m 267,857 800,578 406 No significant
results
HKP071 12m 268,110 800,610 459 12m @ 1.30% Ni from 233 *
0m
HKP072 11m 268,205 800,812 495 7m @ 1.03% Ni from 257 *
4m
HKP073 12m 268,581 801,390 502 12m @ 1.14% Ni from 1,732 *
0m
HKP074 12m 268,672 801,380 499 12m @ 0.82% Ni from 188 *
0m
HKP075 7.6m 268,765 801,475 470 No significant
results
HKP076 7.6m 268,179 801,175 462 5.6m @ 0.96% Ni from 356
0m
HKP077 5.8m 268,368 801,066 513 4m @ 0.73% Ni from 605 *
1.8m
HKP078 12m 268,396 801,183 515 11m @ 1.06% Ni from 2,495 *
1m
HKP079 12m 268,262 801,090 506 12m @ 1.08% Ni from 598 *
0m
Haito Test Pits
HHP007 8 274,399 796,530 285 3m @ 0.58% Ni from 520
3m
HHP008 6.2 274,600 796,529 279 1m @ 0.55% Ni from 590
2.2m
HHP009 4 274,600 796,929 277 No significant 170
results
HHP010 4.8 274,059 798,151 459 1m @ 0.53% Ni from 185 *
1m
HHP011 4 273,958 798,153 475 4m @ 0.62% Ni from 293 *
0m
HHP012 12.2 273,962 798,251 495 12.2m @ 0.72% Ni 250 *
from 0m
HHP013 6 273,956 798,353 492 6m @ 0.64% Ni from 425 *
0m
HHP014 12 274,056 798,356 482 12m @ 0.76% Ni from 192 *
0m
HHP015 5.9 274,068 798,255 473 5m @ 0.79% Ni from 178
0.9m
HHP016 11.5 274,059 798,054 442 4m @ 0.68% Ni from 170
1.5m 155 *
2m @ 0.71% Ni from
9.5m
HHP017 4.9 273,961 798,055 440 3.9m @ 0.96% Ni from 143
0m
HHP018 9.5 274,150 797,900 364 2.25m @ 0.56% Ni 176
from 1.25m
HHP019 3.1 273,940 797,898 400 No significant
results
HHP020 1.8 273,747 797,899 431 No significant
results
HHP021 3.5 273,551 797,899 416 No significant
results
HHP022 12 274,150 797,900 364 5m @ 0.63% Ni from 194
0m
HHP023 2.3 273,948 797,715 402 2.3m @ 0.61% Ni from 157 *
0m
HHP024 3 273,761 797,730 399 No significant
results
HHP025 5.8 274,150 797,731 340 2.8m @ 0.56% Ni from 164
0m
HHP026 8.5 274,603 797,329 294 No significant
results
HHP027 11.6 274,404 797,333 297 1m @ 0.73% Ni from 510
0.6m
HHP028 6.2 274,203 797,331 301 1.2m @ 0.68% Ni from 500
0m
HHP029 10.7 274,003 797,329 304 8.7m @ 0.70% Ni from 253
0m
HHP030 9.6 273,800 797,330 306 5.6m @ 0.75% Ni from 422 *
0m
HHP031 6 273,600 797,330 306 1m @ 0.62% Ni from 400
2m
HHP032 4.35 273,400 797,330 308 1m @ 0.61% Ni from 710
1.35m
HHP033 5.75 273,200 797,330 319 1m @ 0.78% Ni from 810
0m
*Denotes pitting ended in >0.5% Ni grades
Notes:
1. Nickel analyses completed by ALS laboratories Perth, Western Australia by ME XRF-12 borate flux method.
2. Intercepts calculated as a weighted average using >0.5% Ni values and a maximum of 2m internal waste, minimum width 1m
3. Cobalt values reported as a weighted average value over the corresponding reported nickel intersection.
The information in this report that relates to Exploration Results is based on information compiled by Managing Director Jim Kerr (BSc
Geol, MSc Min Econ, MSEG). Mr Kerr, a full-time employee of Lithic Metals and Energy is a Member of the Australasian Institute of Mining and
Metallurgy and is a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves. Mr Kerr consents to the circulation and inclusion in the report of the matters based on the information in the form and context in
which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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