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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Finniss | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 10/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-10-2016: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Finniss deposit at the Finniss project. Drilling results incl. 40m @ 1.66% Li2O from 58m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce additional high grade lithium drill intersections from the Company’s maiden drilling program on the 100%-owned Finniss Lithium Project (“Finniss”), which consisted of 18 RC holes drilled on the Grants, BP33, Ahoy, Hills and Far West prospects. Significant levels of lithium mineralisation as spodumene were intersected at all prospects drilled except for Hills (Table 1 and Figure 3). These new high grade spodumene intersections together with the previously announced high grade intersections from Grants and BP33 prospect, confirms Finniss as a major new discovery of high grade lithium (Table 1 and Figures 1-4). Core has to date prioritised and has plans to drill more than 10 separate pegmatites prospects across the Finniss Lithium Project, which include the very large Zola Pegmatite and the Ringwood Pegmatite Swarms. Ongoing Drilling Program at Finniss Lithium Project Core’s current drilling program on other lithium pegmatite targets at Finniss will continue for as long as possible until the start of the Northern Territory wet season which is expected to commence around late November. The first diamond core drilling on the Finniss Lithium Project is currently underway at BP33 Prospect. The diamond drill rig is then expected to move to Grants next week to follow-up the exciting results at Grants. Core’s substantial Phase 2 exploration and follow-up RC drilling program is expected to commence shortly. Results from the ongoing drilling program will be released to the market as results become available with an update on the current diamond drilling program expected next week. | |
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