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De Grey Mining Ltd.
Summary
| Project: | King Col | |
|---|---|---|
| Deposit: | King Col | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 10/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-10-2017: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its King Col deposit at the King Col project. Drilling results incl. 17m @ 2.55% Li2O, 106ppm Ta2O5 from 13m. De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Philip Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pleased to announce the successful completion of the maiden RC drilling program at the King Col Pegmatite prospect. This work is partially funded under the WA Government’s Exploration Incentive Scheme (EIS) following the Company’s successful application for drilling co-funding. The King Col pegmatite trend lies within De Grey’s 100% owned tenements, located approximately 60km from Port Hedland and within 50km from the world class lithium deposits of Pilgangoora and Wodgina (Fig 1). The proximity to large scale port facilities, other key infrastructure and an emerging lithium mining centre are likely to be a significant benefit to any future production potential. Earlier reconnaissance mapping, surface rock chip and soil sampling, undertaken by De Grey, at the King Col Pegmatite Trend previously highlighted anomalous zones of lithium and other elements along the western most 2km of the overall 7.5km long target. The earlier sampling results provided strong support for potential Lithium-Caesium-Tantalum (LCT) style pegmatite mineralisation. Further sampling is required to test the remaining 5.5km of the overall 7.5km long pegmatite trend. Previous petrological examination of a limited number (4) of selected mineral specimens taken from the surface during mapping indicated the presence of the lithium bearing minerals Lepidolite and Petalite, with minor inclusions of Spodumene. | |
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