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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Ringwood | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 9/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2017: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Ringwood deposit at the Finniss project. Drilling results incl. 52m @ 0.14% Li2O from 90m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that initial RC drilling at the large-scale Ringwood Prospect within the Finniss Lithium Project near Darwin in the NT has identified broad drill intersections above 0.1% Li2O within pegmatites up to 200m wide. Three separate drill traverses intercepted broad zones anomalous in lithium and grading over 0.1% Li2O, giving great encouragement to the potential of lithium mineralising processes at the Ringwood Pegmatite Swarm. Core’s recent drilling has confirmed numerous large pegmatite bodies widespread throughout the Ringwood Prospect. Ringwood covers a large area, more than 4km long and over 2km wide representing a significant volume of pegmatite with elevated lithium content. Given the very large area of the Ringwood Prospect and the abundant number of pegmatites intersected in 27 of the 35 RC holes, there is substantial potential for numerous lithium pegmatite targets at Ringwood. Core’s first RAB and subsequent RC drill traverse at the Mastotermes pegmatite target has discovered and defined a pegmatite up to 200m wide, down to at least 140m depth at the northern end of a 1,300m long magnetic feature (average density of pegmatite is approximately 2.7 g/m3 ). Core is planning a number of RAB drill traverses across Mastotermes to test and define the extent of the 1,500m pegmatite target (Figure 3). Once the shallow RAB drilling is completed, a second phase of RC drilling is planned on Mastotermes to test for internal lithium zoning within this very large pegmatite body. | |
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