For thousands of other reports visit RSC's Mineral Intellingence Map
American Pacific Borate and Lithium Ltd.
Summary
| Project: | Fort Cady | |
|---|---|---|
| Deposit: | Fort Cady | |
| Location: | United States | |
| Commodities: | Boron-Lithium | |
| Date: | 1/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2018: American Pacific Borate and Lithium Ltd. announces an Exploration/Drilling Update report for its Fort Cady deposit at the Fort Cady project. Drilling results incl. 33.4m @ 5.7% B2O3 (10.1% H3BO3, 342ppm Li from 498.1m. American Pacific Borate a | |
| Resources: | (Resource, I+I): 93Mt @ 6.3% B2O3, 11.3% H3BO3, 374ppm Li at project | |
| CP/QP: | [Overall Report]: Louis Fourie (Terra Modelling Services Inc.) | |
| ABSTRACT: | American Pacific Borate and Lithium, (ASX: ABR) (“APBL”, or “the Company”) is pleased to announce it has completed its 14 hole confirmatory borate drilling program on its 100%-owned Fort Cady Borate and Lithium Project (“the Project”) in Southern California, USA. “We are pleased to have completed the confirmatory borate drilling program within six months of listing on the ASX. It demonstrates we are pushing forward quickly and currently meeting our timeline that is targeting the commencement of construction in the latter part of 2018. The lithium results contine to please us and with further testworks in train we expect to be in a position to consider a lithium carbonate circuit in the coming months. We are looking forward to reviewing the calculation of the upgraded JORC compliant Mineral Resource Estimate as we expect these drill holes to increase the scale of the Resource and its confidence levels. The recently completed 14 hole, 6,800m resource drilling program (Figure 1) was designed to confirm the historical mineral estimate defined on the project during the early 1980’s (ASX announcement 1st September, 2017). Assay results have now been received from all drill holes completed as part of the confirmatory resource drilling program. The final drill hole assays will be incorporated into the maiden JORC (2012) Mineral Resource Estimate of 93Mt @ 6.3% B2O3 (11.3% H3BO3) and 374ppm Li (ASX announcement 12th December, 2017). Significant drill hole intersections from the historically defined “+5% B2O3 solution mining zone” as defined by Duval Corp. in the early 1980’s are summarised in Table 1 below. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report