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Dakota Minerals Ltd.
Summary
| Project: | Sepeda | |
|---|---|---|
| Deposit: | Sepeda | |
| Location: | Portugal | |
| Commodities: | Lithium-Tin | |
| Date: | 5/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-5-2017: Dakota Minerals Ltd. announces an Exploration/Drilling Update report for its Sepeda deposit at the Sepeda project. Drilling results incl. 65.63m @ 1.32% Li2O, 594ppm Sn from 235.14m. Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is ple | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Francis Wedin (Internal) | |
| ABSTRACT: | Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to provide shareholders with an update on the Sepeda Lithium Project (“Sepeda”), Portugal, the largest LCT pegmatite-hosted JORC compliant lithium Mineral Resource in Europe. Results continue to be received for the ongoing phase three Reverse Circulation (“RC”) and diamond drilling programme. Exploration diamond drilling has yielded extensions to the current known mineralisation, with outstanding results including 65.63 m @ 1.32% Li2O from SSD004. The mineralised shoot remains open at depth and current drilling is pursuing this shoot, with additional results expected in the coming weeks and months. Infill RC drilling has produced thick, well mineralised intercepts of 65m @ 1.34% Li2O from SC066, providing increasingly robust confidence in the current interpretation of the mineralisation at Sepeda (Figure 1). 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. As previously reported, 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 Mineral Resource categories. Full results will be used to calculate a Mineral Resource update still on schedule for CY Q3 2017. Dakota Minerals CEO David Frances commented: “With our growing confidence, based on excellent results from infill and extension drilling, we look forward to providing our shareholders with a Mineral Resource update in Q3.” | |
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