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Dakota Minerals Ltd.
Summary
| Project: | Sepeda | |
|---|---|---|
| Deposit: | Sepeda | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 11/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2016: Dakota Minerals Ltd. announces an Exploration/Drilling Update report for its Sepeda deposit at the Sepeda project. Drilling results incl. 74m @ 1.54 Li2O from 116m. Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to finally a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Francis Wedin (Internal) | |
| ABSTRACT: | Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to finally announce the remainder of the phase one drilling results at the Sepeda Lithium Project, Portugal after significant laboratory delays. The Company is looking at alternative assaying arrangements for future drill programmes. Spectacular drilling widths and grades, including 74 m @ 1.54% Li2O, confirm Sepeda as a major new European hard-rock lithium discovery. Significantly, the discovery is located in a global top-10 Fraser Institute ranked country, and is being serviced by established infrastructure linking it to the European battery and technical markets. Material from Sepeda is undergoing metallurgical test-work at Dorfner-Anzaplan in Hirschau, Germany. The test-work aims to optimise processing techniques for the Sepeda petalite to produce high-value products, including lithium carbonate and lithium hydroxide, with the ability to also deliver into the technical or battery markets. Following the highly significant results from phase one drilling at Sepeda, Dakota has accelerated its exploration programme in Portugal. Phase two drilling has already commenced, targeting a maiden resource by CY Q1 2017. Resource development drilling has commenced, ahead of schedule, at the Romano pegmatite within the Sepeda project. Dakota Minerals CEO David Frances commented: “The latest results represent the next positive step in Dakota’s fast-tracked European lithium strategy. The discovery of a potentially highly significant hard-rock lithium deposit at Sepeda, on the doorstep of the rapidly evolving European battery market, is testament to the foresight and hard work of the Dakota team and an outstanding result for shareholders”. | |
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