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Core Lithium Ltd.
Summary
| Project: | Bynoe | |
|---|---|---|
| Deposit: | BP33 | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 2/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2018: Core Lithium Ltd. announces an Exploration/Drilling Update report for its BP33 deposit at the Bynoe project. Drilling results incl. 36m @ 1.61% Li2O from 135m. 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 new wide and high-grade lithium intersections have identified substantial strike and depth extension potential at Core’s 100% owned BP33 pegmatite within its Finniss Lithium Project. Core’s recent drilling at BP33 has found that extensions of the BP33 spodumene pegmatite are open south and south-west toward pegmatites 200m-300m along strike at the BP32 and BP32W prospects (Figures 1-3). If these pegmatites are connected, then there is substantial strike length of approximately 500m to the BP33/BP32/BP32W pegmatite system. New high-grade assay results received from diamond drilling competed in late 2017 at BP33 includeRC and Diamond drilling to date has characterised BP33 as a wide and continuous spodumene rich pegmatite, including intersections of 62m @ 1.24% Li2O from 66m in FRC104 and 54m @ 1.42% Li2O from 101m in FRC103. Results from the recent diamond and RC drilling also confirm that BP33 pegmatite is open at depth along strike to the south (Figures 1 and 3). Adjacent pegmatites at BP32 and BP32W prospects have been identified in historic trenching and verified more recently in shallow RAB drilling by Core. However, no RC or Diamond drilling has been conducted yet at nearby BP32 and BP32W Prospects. Core is planning drilling at both BP32 and BP32W Prospects as soon as the 2018 dry season commences, to test the continuity and grade of these pegmatites adjacent and along strike from high grade BP33. | |
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