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Dakota Minerals Ltd.
Summary
| Project: | Sepeda | |
|---|---|---|
| Deposit: | Sepeda | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 1/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2017: Dakota Minerals Ltd. announces an Exploration/Drilling Update report for its Sepeda deposit at the Sepeda project. Re-analysis of phase 1 drilling samples gives average lithium grade of 1.37% Li2O. Dakota Minerals Limited (“Dakota”, “DKO”, or “C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Francis Wedin (Internal) | |
| ABSTRACT: | Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to advise shareholders that the Company is on track for the delivery of the maiden Mineral Resource for the Sepeda Lithium Project in Portugal during Q1 2017. The following update provides a summary of recent drill campaigns and sample analysis. Drilling for 2016 was completed in two phases and totalled 7,271m (including 282 m of diamond drilling from phase two). All samples have been dispatched, and will be analysed and used for calculation of the maiden Mineral Resource at Sepeda, which is on track for delivery Q1 2017. The strike of the main pegmatite, Romano, has been tested over approximately 800m of strike, having been extended by 250m to the west and 160m to the east from phase one drilling; significantly, it remains open in all directions. Thick intersections of pegmatite were evident throughout the programme, with the most significant to date being 93m of total downhole pegmatite width intersected in SC024, made up of two intersections of 30 and 63m. Drilling at Romano, and other pegmatites in the swarm, will continue in Q1 2017, the results of which will be used in future resource updates. Dakota has also re-analysed pulps of all samples from Sepeda phase one drilling following sub-optimal QA/QC performance by the previous laboratory. The re-analysis shows much improved QA/QC performance for low to mid-range lithium values, and an overall weighted average grade increase of 4.6%. | |
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