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Desert Lion Energy Inc.
Summary
| Project: | Rubicon Lithium | |
|---|---|---|
| Deposit: | Rubicon Lithium | |
| Location: | Namibia | |
| Commodities: | Lithium | |
| Date: | 4/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-4-2018: Desert Lion Energy Inc. announces an Exploration/Drilling Update report for its Rubicon Lithium deposit at the Rubicon Lithium project. Drilling results incl. 9m @ 2.25% Li2O from 57.0m. TORONTO, Canada, April 17, 2018 – Namibian lithium produc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Venter (Internal) | |
| ABSTRACT: | TORONTO, Canada, April 17, 2018 – Namibian lithium producer Desert Lion Energy Inc. (TSXV: DLI) (“Desert Lion” or the “Company”) is pleased to announce the Company has completed Phase 1 and Phase 2 of a three-phase drilling program ahead of the anticipated release of a Mineral Resource estimate expected to be delineated and published in late Q2 2018. Phase 1 and Phase 2 included 19,500 metres (m) of diamond (“DD”) and reverse circulation (“RC”) drilling for a total of 1,064 holes. Selected results (22 holes) are reported today, with assays pending for 5 remaining holes. “I am extremely proud of the work completed to date on the 2017 drilling program; results from phases 1 and 2 are encouraging and show a clear pathway to our Mineral Resource estimate, which is expected to be published at the end of Q2 2018. This is an important milestone and supports our plans to further expand operations,” commented Tim Johnston, president and CEO of Desert Lion. Phase 1 drilling included 10,700m of DD and RC drilling focusing on delineating the strike and downdip extents at Rubicon and Helikon. Select highlights from Phase 1 and 2 drilling include the following high-grade lithium and tantalum intercepts: | |
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