For thousands of other reports visit RSC's Mineral Intellingence Map
Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | BP33 | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 9/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-9-2016: Core Lithium Ltd. announces an Exploration/Drilling Update report for its BP33 deposit at the Finniss project. Drilling results incl. 34m @ 1.60% Li2O from 71m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce the results from the first four holes from the Company’s maiden lithium drilling program at the Finniss Lithium Project (“Finniss”) in the Northern Territory has confirmed Finniss, as a major new discovery of high grade lithium. The first prospect drilled by Core at Finniss was the BP33 prospect, where four holes were drilled with all holes hitting pegmatite intersections over broad 40 – 60 metres (approximately 30-35m true width), containing high grades of lithium as spodumene mineralisation (Tables 1-2 and Figures 1-3). The best result was 1.60% Li2O over 34m, containing zones of high grade spodumene mineralisation of up to 7m at 2.02% Li2O (drill hole FRC003). The other three holes at BP33 also returned zones of high grade lithium. Results are listed in Table 1 below. The BP33 prospect is located approximately 150m north of BP32 and 200m NE of BP32W. It is likely that all these pegmatite bodies are part of a larger interconnected pegmatite swarm, and Core plans to drill these prospects with subsequent phases of drilling at Finniss. BP33 pegmatite has been mined historically from surface down to 10-20m for tin and tantalum (Figures 1 and 2). | |
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