Summit Minerals Limited (“Summit”) is pleased to announce that Summit’s maiden drilling program has commenced at the recently acquired 100% owned Barra Lithium Project (“Barra”).
The Barra Lithium Project consists of four recently acquired tenements that are located within close proximity to the existing operating Miranda Lithium mine that is within the Borborema Pegmatitic Province (“BPP”) in northeast Brazil.
Summit has completed extensive ground mapping and sampling across the Barra Project that has highlighted multiple, newly discovered quartz outcrops that are aligned along the predicted regional trend lines.
The pegmatites observed in the adjacent Lithium mine are zonal and contain a large central quartz core with the Lithium mineralization distributed broadly on each side of the core. The Company believes that the quartz outcrops detected across the Barra Project highlight potential extensions of previously unmapped pegmatite quartz cores, as they are observed to run northeast along strike from the existing Lithium mine. Additional large quartz outcrops have been identified in the mapping program, which could also indicate the possibility of multiple pegmatites running parallel to the main trend line. As a result, the drilling program has been designed to test these new prospective areas, along with the main pegmatite trend line
Maiden Drilling Program
The program will consist of RC drilling of up to 3,000 m in the Barra Lithium Project to test initial targets identified by previously completed field programs. The drill program is expected to provide valuable information surrounding the prospectivity of the newly acquired tenements, using modern day exploration techniques which has been performed in this area.
Chief Geologist of Summit, Stuart Peterson, will be on the ground to supervise the drilling program that is expected to take up to 2 weeks.
Summit’s Managing Director, Gower He, commented:
“The commencement of the maiden drilling program at our Barra Lithium Project marks an exciting milestone for Summit Minerals. With extensive groundwork identifying promising quartz outcrops and regional trend alignments, we are optimistic about uncovering significant lithium-bearing pegmatites. This initiative not only underscores our commitment to systematic exploration but also highlights the potential of the Borborema Pegmatitic Province as a critical contributor to the global battery mineral supply chain.
I was recently in Brazil to continue to advance our Equador Niobium Project and hope to have the market updated shortly on the progress Phase 1 drilling permits. Together, these efforts reflect our unwavering focus on creating shareholder value and contributing to a sustainable future.”