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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 7/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 24-7-2018: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Grants deposit at the Finniss project. Drilling results incl. 67.0m @ 1.57% Li2O from 191m. Emerging lithium developer Core Exploration Ltd (ASX: CXO) (“Core” or the “Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Biggins (Internal) | |
| ABSTRACT: | Emerging lithium developer Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce the return of wide, high-grade intersections confirming the discovery of significant extensions to the Grants Lithium Deposit, part of the Company’s wholly-owned Finniss Lithium Project, located near Darwin in the Northern Territory. New drilling results are located outside of the existing defined Mineral Resource at Grants and therefore highlight the potential to immediately grow the currently defined Mineral Resource at Grants (Figure 1), which underpins the strong economics of the recent PreFeasibility Study. The average grades of the new significant extensions intersected at Grants are above the Mineral Resource grade of 1.5% Li2O and include wide intervals up to 22m, grading >2% Li2O. These new intersections are expected to add to the existing Mineral Resource at Grants and highlights that the spodumene pegmatite orebody is open along strike and down-plunge to the south (Figure 1). These extensional targets at Grants will be the focus of the next round of drilling once the RC rig has completed drilling at BP33. | |
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