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Alliance Mineral Assets Ltd.
Summary
| Project: | Bald Hill | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 5/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-5-2017: Alliance Mineral Assets Ltd. announces an Exploration/Drilling Update report for its Bald Hill deposit at the Bald Hill project. JV with Tawana - Drilling results incl. 57m @ 1.62% Li2O, 69ppm Ta2O5, 91ppm Nb2O5 from 161m. Tawana Resources NL ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Calderwood, Gareth Reynolds (Internal) | |
| ABSTRACT: | Tawana Resources NL (“Tawana” or the “Company”) and Alliance Mineral Assets Limited (SGX: AMAL) are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has trebled the size of the target area originally defined in January 2017. The extended area contains the most significant lithium results to date. Tawana Resources Managing Director Mark Calderwood stated: “The footprint of the lithium and tantalum mineralised pegmatites has increased significantly over recent months. Recent drilling has defined two areas of consistently high grade lithium mineralisation.” A further 118 exploration Reverse Circulation drill holes totalling 17,680m were completed between 1 April and 15 May 2017. Assays have been received for 87 holes since the 18/19 April, 2017 update. Recent intercepts are summarised in Tables 1 and 2 in Appendix A. Exploration is mainly focused on step-out drilling to the south, east and west. Sterilisation and geotechnical drilling is also continuing for mining engineering purposes. Tawana and AMAL are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and process engineering aspects of the study completed, and the mining engineering and infrastructure capital costs nearing completion. The results of the study are expected to be released within two weeks. | |
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