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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 3/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-3-2018: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Grants deposit at the Finniss project. Drilling results incl. 53.2m @ 1.69% Li2O from 65.8m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce multiple intersections of high-grade lithium from drilling at the Grants Lithium Deposit within Core’s 100% owned Finniss Lithium Project near Darwin in the NT. The quality of the drilling results and broad spodumene mineralisation observed in drill core highlights the continuity of high lithium grades, thickness and consistency of spodumene mineralisation with the Grants pegmatite ore-body. The objective of the current drill program has been to convert the existing resource at Grants to mostly Indicated and Measured level of resource confidence. Core anticipates that these new drill results will substantially add to the proportion of the Mineral Resource in the Indicated and Measured categories at Grants, which will enable calculation of the Mining Inventory in the PFS. Additional resources, in particular a maiden resource at the BP33 prospect, located only 5kms away, is expected to underpin the strong resources growth profile for the broader Finniss region. Core is targeting to commence resource evaluation at Grants as soon as all the assay results are received later this month. | |
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