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European Lithium Ltd.
Summary
| Project: | Wolfsberg | |
|---|---|---|
| Deposit: | Zone 2 | |
| Location: | Austria | |
| Commodities: | Lithium | |
| Date: | 4/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2018: European Lithium Ltd. announces an Exploration/Drilling Update report for its Zone 2 deposit at the Wolfsberg project. Drilling results incl. 8.15m @ 0.575% Li2O from 52.85m. European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI)(the Company) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Don Hains (Independent) | |
| ABSTRACT: | European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI)(the Company) is pleased to report results from the surface drilling programme in Zone 2 at its advanced Wolfsberg Lithium Project (Wolfsberg), in Austria. Five drill holes were completed in Zone 2 during Q1 2018, four of which showed multiple pegmatite intersections, while the results of the fifth are awaited. Thicknesses and grades were similar to those seen in Zone 1. One drill hole intersected a pegmatite vein of 7.05 m albeit with lower than average grade. Tony Sage, Chairman, commented “These results confirm the potential of Zone 2 to mirror the resources declared in Zone 1. Following receipt of all assay data from the current drilling programme a geological model for Zone 2 will be developed including all previous drilling results with the intent of estimating a maiden Inferred resource for Zone 2. A follow-up drilling programme in Zone 2 will then be proposed to further increase resources in Zone 2.” The current resource for the project in Zone 1, the northern limb of an anticline, was declared following verification of Minerex drilling data (ASX release - European Lithium declares 75% increase in JORC Code (2012) compliant resource tonnes - 21 November 2016) and deep hole drilling (ASX release - European Lithium increases resources at Wolfsberg adding 4.7 million tonnes at 0.78% Li2O in Zone 1 - 3 July 2017). Zone 2 is the southern limb of the anticline. Surface sampling of pegmatite boulders and limited scout drilling in 2012 on this southern limb demonstrated the presence of lithium bearing pegmatites | |
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