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European Lithium Ltd.
Summary
| Project: | Wolfsberg | |
|---|---|---|
| Deposit: | Wolfsberg | |
| Location: | Austria | |
| Commodities: | Lithium | |
| Date: | 7/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-7-2017: European Lithium Ltd. announces a Resource Estimation report for its Wolfsberg deposit at the Wolfsberg project. Clarification of material information for Wolfsberg resource estimate. European Lithium Limited (ASX:EUR, FRA:PF8)(the Company) has | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Kesler (Internal) | |
| ABSTRACT: | European Lithium Limited (ASX:EUR, FRA:PF8)(the Company) has been asked by the ASX to provide an addendum to the ASX release of 3 July 2017 “European Lithium increases resources at Wolfsberg adding 4.7 million tonnes at 0.78% Li2O in Zone 1” that brings a summary of the material information that was contained in the attached JORC report into the main body of the ASX release. A comprehensive description of the geology and mineralization is provided in the ‘Independent Geologists Report’ contained within the ‘Second Replacement Prospectus’ of 28 July 2016 that can be found on the Company website www.europeanlithium.com The spodumene bearing pegmatites occur in a regional anticline in veins intruding into the amphibolite and mica schist host rocks concordant with their foliation. The northern limb of this anticline is known as Zone 1 and the strata uniformly strike WNW-ESE and dip to the NNE at an average of 60°. Drilling by the previous owner, Minerex, intersected numerous pegmatite veins of which 15 were identified as of potentially economic significance based on vein width, lithium grade and persistence. The Minerex data was verified by a programme of twin hole drilling and underground channel sampling and a Measured and Indicated resource of 6.3 million tonnes at 1.17% Li2O was declared in an ASX release on 21 November 2016 ‘European Lithium declares 75% increase in JORC Code (2012) compliant resource tonnes’ | |
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