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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Far West | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 12/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2016: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Far West deposit at the Finniss project. Drilling results incl. 45m @ 1.57% Li2O from 62m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that high grade lithium assays have now been received from its Phase 2 RC program at the Far West North Prospect within the larger Finniss Lithium Project near Darwin in the NT (“Finniss”). Far West is a new high grade lithium discovery and follows significant lithium discoveries at the Grants Prospect and BP33 made by Core’s Phase 1 drilling program. Far West comprises a series of pegmatite bodies that have been intersected by drilling consistently over a 1,000m strike length between Far West North and Far West Central. Core’s first drilling results indicate that Far West North and Far West Central have the potential to deliver a series of interconnected pegmatite bodies of spodumene bearing pegmatite that combined, may represent a considerable volume of mineralised pegmatite. A thick zone of high grade spodumene has been intersected during the first drilling program at Far West North (45m @ 1.57 Li2O FRC030). Further drilling is required to better understand the dimensions and orientation of this zone with other intersections at Far West North typically ranging from 5-15m true width (Figures 1-3). Similarly, several 50-60m thick intersections of pegmatite have also been intersected at Far West Central, assays have not yet been received from this drilling (Figures 1-3). Assays from the remainder of the initial RC drilling program at Far West North and Far West Central are expected in coming weeks. | |
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