Summit Minerals Limited (AU:SUM) has released an update.
Summit Minerals Limited has reported the discovery of five substantive soil geochemistry anomalies for lithium at its wholly-owned Phillips River Project, suggesting potential for lithium mineralization. The project, which is in proximity to other known lithium deposits, underwent an extensive soil sampling and rock chip collection program. However, the rock chips collected did not yield significant results, while soil assays confirmed the presence of intrusive-related mineralization.
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