For thousands of other reports visit RSC's Mineral Intellingence Map
European Lithium Ltd.
Summary
| Project: | Wolfsberg | |
|---|---|---|
| Deposit: | Wolfsberg | |
| Location: | Austria | |
| Commodities: | Lithium | |
| Date: | 7/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 3-7-2017: European Lithium Ltd. announces a Resource Estimation report for its Wolfsberg deposit at the Wolfsberg project. Wolfsberg mineral resource estimate update following deep drilling program. European Lithium Limited (ASX:EUR, FRA:PF8)(the Company) | |
| Resources: | (Resource, Total): 10.98Mt @ 1.00% Li2O at project | |
| CP/QP: | [Resources]: Don Hains (Independent) | |
| ABSTRACT: | European Lithium Limited (ASX:EUR, FRA:PF8)(the Company) is pleased to declare an increase in the mineral resource following the recently completed deep drilling programme in Zone 1 at its advanced Wolfsberg Lithium Project (Wolfsberg), in Austria. This programme followed the declaration of a Measured and Indicated resource of 6.3 million tonnes at 1.17% Li2O at 0% Li2O cut-off in November 2016, increasing resources in zone 1 by 4.7 million tonnes at 0.78% Li2O. The upgraded Wolfsberg resource is summarized in the following table. Steve Kesler, CEO, said “The deep drilling confirmed that the resource extends down dip and significantly increases its size. The drilling also established potential for additional resources in the amphibolite both deeper and in a previously undrilled area. Together with the exciting potential of Zone 2 it is ever clearer that Wolfsberg hosts one of the major lithium deposits in Europe and one that can be a leading supplier to the emerging lithium battery industry of Europe.” The deep drilling results were reported in the ASX releases ‘Drilling confirms extension of pegmatite veins to depth at Wolfsberg Lithium Project’ on 18 April 2017 and ‘European Lithium completes first deep hole drilling programme at Wolfsberg Lithium Project’ on 31 May 2017. The original drilling programme by the previous owners, Minerex, had shown the pegmatite veins to occur as numerous parallel veins dipping to the north east at an average angle of about 60°. The veins are aligned with the schistosity in both amphibolite (AHP) and mica schist (MHP) rock types and individual veins do not cross the amphibolite/mica schist lithological boundary. Drilling profiles along strike showed a maximum strike extension of 590 metres for AHP and 1300 metres for MHP with maximum extension down dip for both at 350 metres. The down dip extension was only limited by the depth of drill holes made at that time. | |
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