Stocks of the Hour: IRIS Metals

IRIS Metals (ASX:IR1) has received the next batch of results from the ongoing diamond drilling program from the 100% owned Beecher Project. The results have continued to impress, with additional wide and high-grade lithium intersected at Longview and high-grade zones at the Black Diamond, both located within the Beecher Project. 

IR1 Technical Director Chris Connell, commented: “The IRIS team is very excited about the lithium results returned in BDD-23-005. This result confirms the potential for the larger Black Diamond pegmatite to host significant lithium mineralization. We know from mapping and earlier RC drilling the widths of both the pegmatite and the zones of spodumene in the Black Diamond pegmatite increase notably as we head towards the untested southern portion of the Beecher Project. 

The Black Diamond pegmatite has the potential to add significant volumes to our mineral resource at the Beecher Project.” Shares are trading 9.28 higher at 53 cents.