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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 1/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2017: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Grants deposit at the Finniss project. Drilling results incl. 59.0m @ 1.45% Li2O from 79.0m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to annou | |
| 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 been received in the first batch of results from the Phase 2 RC drilling at the Grants Prospect, which have increased the size and depth of continuous high grade mineralisation defined at Grants Prospects within the Finniss Lithium Project near Darwin in the NT (“Finniss”). The best results include 59m high grade spodumene intersection at 1.45% Li2O (FRC031) and 55m at 1.42% Li2O (FRC033), containing a number zones above 2% Li2O. All the other drill holes at Grants (6 in total) also hit high grade lithium intersections with all new results listed in Table 1 below. These new RC assay results are consistent with all previous RC and diamond drillholes at Grants which have all hit thick intersections of excellent quality coarse grained spodumene, and show that high grade spodumene mineralisation is continuous between drill sections and is open at depth. As a result, these new results have expanded and improved the continuity of high grade spodumene mineralisation defined at Grants. Drilling at Grants has now confirmed continuous high grade spodumene mineralisation in drilling over 250m in length. Mineralisation is open at depth to at least 200m and is up to 30m in true width (refer Figures 1-3). | |
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