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Dakota Minerals Ltd.
Summary
| Project: | Sepeda | |
|---|---|---|
| Deposit: | Sepeda | |
| Location: | Portugal | |
| Commodities: | Lithium-Tin | |
| Date: | 4/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-4-2017: Dakota Minerals Ltd. announces an Exploration/Drilling Update report for its Sepeda deposit at the Sepeda project. Drilling results incl. 51m @ 1.53% LiO2 from 69m. Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to advise th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Francis Wedin (Internal) | |
| ABSTRACT: | Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to advise that the planned phase four drilling programme has been brought forward and to provide shareholders with an update on the Sepeda Lithium Project (“Sepeda”), Portugal, the largest LCT pegmatite-hosted JORC compliant lithium Resource in Europe. The first results for the phase three Reverse Circulation (“RC”) and diamond drilling programme, which is still ongoing, have now been received. Results include 51 m @ 1.53% Li2O from SC051 and 41 m @ 1.31% Li2O from SC054. Results for 11 holes have been received out of a total programme of 55 holes. Further results are expected in the coming weeks and months, and full results will be used to calculate a Mineral Resource update still on schedule for CY Q3 2017. As part of Dakota’s efforts to fast-track future feasibility study work, two extra diamond rigs are being mobilised to site, bringing the total to five diamond rigs operational on site. With access to these additional resources, the planned phase four drilling programme has been brought forward to run concurrently with phase three, and will comprise approximately 4,000m of additional diamond drilling. The purpose of phase four is to provide 20 tonnes of material for pilot plant processing test work, and to infill and extend key areas to upgrade Resource categories. | |
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