For thousands of other reports visit RSC's Mineral Intellingence Map
Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Finniss | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 12/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-12-2016: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Finniss deposit at the Finniss project. Drilling results incl. 48m @ 1.53% Li2O from 70m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce | |
| 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 maiden diamond drilling program at the BP33 and Grants Prospects within the Finniss Lithium Project near Darwin in the NT (“Finniss”). As previously announced, all diamond holes drilled hit thick intersections of excellent quality coarse grained spodumene that is potentially amenable to processing to produce commercial grade spodumene concentrate. Core’s high grade assays from diamond core confirm observations in drill core that high grade lithium (as spodumene) is consistently present as a major rock forming mineral throughout the fully-cored pegmatite drill intersections at Finniss (Figures 1-4 and Table 1). Spodumene mineralisation is consistent throughout the Grants pegmatite, and has been intersected consistently over 40m-50m in all three fully cored diamond drillholes (Figures 1- 4). In all cored holes at Grants, the pegmatite has a simple zonation from wallrock inward: 1-2m thick quartz-mica rich margins and a 30-35m (true thickness) spodumene rich medial/central zone. The spodumene is green at the Grants Prospect, in contrast to the spodumene at the BP33 Prospect in which it had both green and pink spodumene. The spodumene crystals are usually large with some greater than 10cm (Figures 1 & 2). On preliminary inspection it appears that the pegmatite at BP33 and Grants comprises only a few simple minerals, in overall order of abundance: feldspar, spodumene, quartz and muscovite (less than 5%). A bulk sample from Grants of 400kg of large diameter HQ core is now at Nagrom metallurgical facilities in Perth, W.A for metallurgical test work to determine potential to produce commercial grade spodumene concentrate. The first test results from this work are expected in early 2017. Core currently has 2 RC rigs undertaking exploration drilling of a number of prospects on the Finniss Lithium Project. The field season remains open at Finniss, so the current Phase 2 RC drilling program is expected to continue well into December and may open the opportunity to drill additional targets. Assay results from this Phase 2 RC drilling are expected during December and in early 2017. | |
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