Australia's Arizona Lithium gains on finding new drill targets at New Mexico project

Prairie Lithium

14/07/2022 04:24

** Shares of miner Arizona Lithium  AZL.AX  rise as much as
4.8% to A$0.088, set for their best day since July 8, if gains
hold
    ** Co says it has identified multiple drill targets at its
Lordsburg lithium brine project in New Mexico, U.S.  urn:newsml:reuters.com:*:nASXbMlZ8r
    ** Says targets were identified via a recently completed
passive seismic survey and electromagnetics work undertaken to
test for lithium-mineralised brines
    ** Says based on these discoveries, co's geophysical
consultants have planned three drill holes to test the
geophysical and local deep anomalies
    ** AZL down 20% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))