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Core Lithium Ltd.
Summary
| Project: | Bynoe | |
|---|---|---|
| Deposit: | Sandras | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2017: Core Lithium Ltd. announces an Exploration/Drilling Update report for its Sandras deposit at the Bynoe project. Drilling results incl. 38m @ 1.08% Li2O from 94m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce new assay results from multiple drill intersections that confirm the potential of the 100%-owned Sandras Prospect to host high-grade spodumene pegmatite. These results from the first drilling program undertaken at Sandras by Core demonstrate the potential for pegmatites other than A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au BP33 and Grants within the Finniss and Bynoe Lithium Projects to have significant spodumene grades and thicknesses. Sandras is located on the Company’s newly acquired Bynoe Lithium Project on adjacent tenements to those that host the Grants Lithium Resource and BP33 spodumene pegmatite near Darwin (Figure 3). Recent assay results confirm that spodumene grades increase with depth at Sandras (Figure 1) and support the concept of a southerly plunge to the spodumene pegmatite body (Figure 2). RC Drillhole SRC005 unfortunately terminated at 161m, prior to reaching the target depth, due to poor drilling conditions. Drilling to test this southerly plunge model via a diamond drill core tail is planned in 2018. | |
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