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Core Lithium Ltd.
Summary
| Project: | Bynoe | |
|---|---|---|
| Deposit: | Carlton, Hang Gong, Lees, Booth | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 2/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2018: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Carlton, Hang Gong, Lees, Booth deposit at the Bynoe project. Drilling results incl. 10m @ 1.6% Li2O. Following on from its recent announcements regarding the recommenceme | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Following on from its recent announcements regarding the recommencement of resource drilling at the high-grade BP33 and Grants Prospects, Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that, it has now received high grade lithium assay results from Reverse Circulation (RC) drilling that took place on adjoining tenement EL30015 (Bynoe Project) in December 2017. The recent acquisition of the Bynoe Lithium Project is continuing to deliver immediate positive results for Core. These high-grade lithium intersections are very significant, and our first drilling demonstrates the strong potential for Hang Gong and other historic prospects. A stand-alone RC drilling campaign was carried out during December at Hang Gong, Lees, Carlton and Booths Prospects, all within the Company’s newly acquired Bynoe Lithium Project near Darwin, and importantly, very close to Core’s planned development of the Grant’s deposit, located approximately 5kms away. The RC program was designed to investigate preliminary low-grade results obtained by the previous owner. Core’s new assay results indicate an improved grade, within spodumene pegmatites up to 20m true width, the higher grades intercepted by Core’s drilling are the result of successful targeting of drill holes to intercept the pegmatites below the effects of surficial weathering. Core’s drilling has demonstrated that the pegmatites at three of these prospects (Hang Gong, Booth and Lees) comprise multiple pegmatites bodies that dip at a shallow angle. | |
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