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European Lithium Ltd.

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Summary

Project:

Wolfsberg

Deposit:Wolfsberg
Location:Austria
Commodities:Lithium
Date:11/7/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-11-2016: European Lithium Ltd. announces an Exploration/Drilling Update report for its Wolfsberg deposit at the Wolfsberg project. Drilling results incl. 4.26m @ 1.44% Li2O from 91.00m. European Lithium Limited (ASX: EUR, FRA: PF8) (the Company) is plea
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Don Haines (Independent)
ABSTRACT:European Lithium Limited (ASX: EUR, FRA: PF8) (the Company) is pleased to report results from the recently completed underground twin hole diamond drilling programme at its wholly owned advanced Wolfsberg Lithium Project in Austria (Wolfsberg). The drill holes results confirm the high lithium grade of the pegmatites over wide intersections with the grade of the amphibolite hosted pegmatites showing some significantly higher lithium grades than the mica schist hosted pegmatites as was previously reported by Minerex. The data from the twin hole drilling programme and the previously reported channel sampling will be compared to the original Minerex data in order to verify it as suitable for use in an updated JORC Code (2012) compliant resource. The drilling by Minerex were from both surface and underground. For this twin hole drilling programme it was decided to twin a number of the underground drill holes as they provided the largest number of pegmatite intersections within the shortest drilling distance. Seven Minerex drill holes drilled perpendicular to the dip of the veins were selected that intersected pegmatite veins in both amphibolite and mica schist host rocks. Twin hole collars were located within an average of 5.5 metres of the original Minerex drill holes and also oriented perpendicular to the dip of the veins. Down hole surveys were made for each drill hole which showed deflections well within acceptable limits. The drill collar positions and drill hole lengths are shown in Table 1. Total drilled metres was 829.6 which was 17.6% of the underground metres drilled by Minerex and 5% of the total metres drilled by Minerex from surface and underground.

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