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American Pacific Borate and Lithium Ltd.
Summary
| Project: | Fort Cady | |
|---|---|---|
| Deposit: | Fort Cady | |
| Location: | United States | |
| Commodities: | Boron-Lithium | |
| Date: | 12/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2017: 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. 84.8m @ 5.1% B2O3, 399ppm Li from 425m. American Pacific Borate and Lithium, (AS | |
| Resources: | x | |
| 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 further assay results from the confirmatory resource drilling program on its 100%-owned Fort Cady Borate and Lithium Project (“the Project”) in Southern California, USA. These results continue to confirm an extensive zone of borate and lithium mineralisation that will support our dual strategy for producing borate and lithium, two highly sought after commodities. The mineralised region looks like being large enough to support our targeted boric acid production rate. Positively, the borate formation is proving to contain consistent levels of lithium and our initial leaching test work has confirmed lithium will be leached as a by-product of solution mining and boric acid production. We continue to be believe this is a worldclass borate-lithium project.” The current 6,800m resource drilling program is designed to confirm the historical mineral estimate defined on the project during the early 1980’s (ASX announcement 1st September, 2017). The Company has now completed 10 of 14 confirmatory resource drill holes at the Project (Figure 1). Assay results have now been received in totality from seven of the 14 drill holes. Results have been received from four additional drill holes recently. 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. | |
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