ASX lithium share Winsome Resources Ltd (ASX: WR1) is marching higher on Tuesday.
Again.
The lithium explorer was up more than 8% in earlier trading and remains up 4% at $2.08 per share, at the time of writing. That puts the Winsome Resources share price up an eye-popping 428% since this time last year.
Hereâs whatâs spurring investor interest today.
What did the ASX lithium share report?
The Winsome Resources share price is marching higher after the ASX lithium share announced another round of promising assay results from drilling at its Adina project in Quebec, Canada.
The company highlighted some of the impressive lithium mineralisation results including 1.28% lithium oxide (Li2O) over 93.5 metres from 3.0m, and 1.52% Li2O over 23.9m from 4.6m.
Amongst the exceptionally high-grade zones, one hole returned results of 4.19% Li2O over 4.1m from 73.1m.
Winsome has now received assays from six of the 32 drill holes completed to date. Results from the remaining 26 drill holes are pending. The miner said its expanded exploration program at Adina is well-funded following the capital raising earlier this month.
Commenting on the results sending the ASX lithium share higher today, managing director Chris Evans said:
These results are just as impressive as our initial assays from drill hole AD-22-005 and confirm the high-grade nature of the lithium mineralisation at the Adina Main Zone. They also give us encouragement for the numerous other intersections which are currently being logged, sampled, assayed and interpreted.
Winsome is also progressing towards a resource estimate at Adina.
âWe look forward to further results delineating the high-grade zones of lithium mineralisation at Adina as well as building up the geological interpretation with the aim of starting resource estimation work later in the year,â Evans said.
Winsome Resources share price snapshot
As mentioned up top, the Winsome Resources share price, pictured below, has leapt a remarkable 428% over the past 12 months.
The ASX lithium share has continued to outperform in 2023, up 68% since the closing bell on 30 December.
The post Up 428% in a year, hereâs why this ASX lithium share is gaining again on Tuesday appeared first on The Motley Fool Australia.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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