For thousands of other reports visit RSC's Mineral Intellingence Map
Desert Lion Energy Inc.
Summary
| Project: | Rubicon Lithium | |
|---|---|---|
| Deposit: | Rubicon Lithium | |
| Location: | Namibia | |
| Commodities: | Lithium | |
| Date: | 10/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2018: Desert Lion Energy Inc. announces a Resource Estimation report for its Rubicon Lithium deposit at the Rubicon Lithium project. Initial mineral resource estimate at the project. TORONTO, Canada, October 12, 2018 – Desert Lion Energy Inc. (TSXV: | |
| Resources: | (Resource): 3.006Mt @ 0.63% Li2O (Ind.), 5.830Mt @ 0.53% Li2O (Inf.) | |
| CP/QP: | [Resources]: Anton Geldenhuys, Micheal Cronwright (MSA Group Pty Ltd.) | |
| ABSTRACT: | TORONTO, Canada, October 12, 2018 – Desert Lion Energy Inc. (TSXV: DLI) (OTCQB: DSLEF) (“Desert Lion” or the “Company”) is pleased to announce its maiden Mineral Resource estimate (“MRE”) completed for its Namibian Lithium project. The MRE was prepared by independent consultants The MSA Group (Pty) Ltd. (“MSA”) of South Africa. “We are very pleased with the maiden Mineral Resource estimate as the results show the potential for the Company to establish a significant pegmatite-hosted lepidolite lithium project,” commented Tim Johnston, CEO of Desert Lion. The Project’s at or near surface mineralization, proximity to high quality existing infrastructure and the low-cost operating environment in Namibia provide significant advantages as we continue to develop the project towards completion of the Preliminary Economic Assessment.” The Project is located in the southern Central Zone of the Damara Belt in which other deposits have been discovered and exploited. Included amongst these deposits are Li-Be, Sn and tourmaline-bearing Lithium Cesium Tantalite (LCT) type family pegmatites and U-bearing Niobium Yttrium Fluorine family pegmatitic leucogranites, which have been intruded into the tightly folded supracrustal rocks of the Damara Supergroup. The pegmatites of the Damara Orogen occur in five major belts with those in the Southern Tin and Karibib Pegmatite Belts containing large, well zoned Li-Be- gem tourmaline bearing LCT type. The Karibib Pegmatite Belt contains numerous LCT occurrences and workings, with the Rubicon and Helikon pegmatites being classic examples of highly fractionated and well zoned LCT type pegmatites. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report