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Core Lithium Ltd.
Summary
| Project: | Bynoe | |
|---|---|---|
| Deposit: | BP33 | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 12/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2017: Core Lithium Ltd. announces an Exploration/Drilling Update report for its BP33 deposit at the Bynoe project. Drilling results incl. 62m @ 1.24% Li2O from 66m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that, following its announcement last month of wide pegmatite intersections at Core’s 100% owned high grade BP33 pegmatite, it has now received the assay results which have extended the wide, high grade spodumene intersections at BP33. BP33 is located on the Company’s newly acquired Bynoe lithium project near Darwin. Core’s new assays reflect the widest pegmatite intervals that have ever been drilled at BP33, and amongst the widest spodumene bearing intersections ever drilled in the Northern Territory. At the northern end of BP33, new assays were received for the remainder of FRC104 from 112m to 137m (Figure 1). These new results have extended the high grade spodumene intersection in FRC 104 to 62m @ 1.24% Li2O from 66m-128m downhole. Results from the recent RC drilling also confirm that BP33 pegmatite is open along strike both to the north and to the south and is thicker at depth than expected (Figure 2). Core’s new assay drill results have confirmed the revised cross section (Figure 1) that suggests a down-dip doubling of true thickness of the spodumene pegmatite in the north of BP33 (20m at surface vs 40m at depth). On this basis, the Company believes that an alternate geometrical/structural scenario may exist more broadly to the north and will address this via further drilling. | |
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