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Core Lithium Ltd.
Summary
| Project: | Bynoe | |
|---|---|---|
| Deposit: | BP33 | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 11/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-11-2017: Core Lithium Ltd. announces an Exploration/Drilling Update report for its BP33 deposit at the Bynoe project. Drilling results incl. 54m @ 1.42% Li2O. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that, follow | |
| 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 week of wide pegmatite intersections at Core’s 100% owned high grade BP33 pegmatite, it has now received the assay results which confirm the presence of wide, high grade spodumene 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. New assay results from BP33 include an outstanding intersection of 54m @ 1.4% Li2O in spodumene pegmatite from 101m in RC Drillhole FRC103. At the northern end of BP33, a high grade spodumene intersection of 46m @ 1.51% Li2O was returned from 66m-112m downhole in FRC 104. An additional 25m of assays are awaited from the remainder of FRC104 from 112m to 137m (Figure 1). A 36m intersection grading 0.74% Li2O from 73m was received for hole FRC102 (0.1% cut-off), including a high-grade intersection 16m @ 1.40% Li2O from 146m. However, poor sample return and contamination was noted during drilling of FRC102m, which is interpreted to have smeared and diluted the lithium assays. Core is planning to re-drill nearby to this hole with diamond core to confirm geology with the assay grade. | |
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