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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 4/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-4-2018: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Grants deposit at the Finniss project. Drilling results incl. 41.1m @ 1.77% Li2O from 71.3m. Australian lithium developer, Core Exploration Ltd (ASX: CXO) (“Core” or the “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Biggins (Internal) | |
| ABSTRACT: | Australian lithium developer, Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that new assay results received from RC and diamond core infill drilling continue to demonstrate the remarkable consistency of high-grade spodumene intersections at the Grants Deposit, within Core’s 100% owned Finniss Lithium Project near Darwin in the NT. Three multipurpose RC and diamond core rigs have been drilling at Grants since the start of February 2018 to upgrade the confidence level of the initial high-grade lithium Mineral Resource announced in 2017. This drilling programme has been highly successful, with 49 out of the 50 resource definition holes drilled since discovery being consistently mineralised with high grade spodumene from the eastern wall to western wall of the pegmatite orebody at Grants (Figures 1 & 2, Table 1). The presence of narrow, but very high-grade intervals, grading up to 3.35% Li2O, is also becoming apparent in the assays of drill core. These very high-grade zones reflect the concentration and large size of the spodumene crystals that are present in the Grants pegmatite, which should provide advantages for processing of the ore to concentrate. The key objective of the recently completed infill drill program has been to convert the existing Mineral Resource to mostly Indicated and Measured level of confidence at Grants | |
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