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Galaxy Resources Ltd.
Summary
| Project: | Mt Cattlin | |
|---|---|---|
| Deposit: | Mt Cattlin | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 12/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2018: Galaxy Resources Ltd. announces an Exploration/Drilling Update report for its Mt Cattlin deposit at the Mt Cattlin project. Amended drilling results incl. 20m @ 1.4% Li2O from 44.0m. Galaxy Resources Ltd (ASX: GXY) (“Galaxy” or “the Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Albert Thamm (Internal) | |
| ABSTRACT: | Galaxy Resources Ltd (ASX: GXY) (“Galaxy” or “the Company”) is pleased to announce an exploration update for its Mt Cattlin Project (“Mt Cattlin” or “the Project”) at Ravensthorpe, Western Australia. The Company has completed (as at end October 2018) approximately 25,555m of grade control and resource development drilling in 543 new drill holes. Of these, 108 drill holes for 12,275m were of the resource development type. This drilling’s objective was to target infill in the northwest and northeast parts of the Mt Cattlin orebody (Figure 1), as well as support mining approvals to extend mining operations east of Floater Road (Figure 1). Grade control drilling was conducted to support current mining operations in the 2SW pit, operations have now commenced on and east of Floater Road. This drilling has delineated a second lode beneath the known spodumene bearing lode immediately to the north of the 2SW pit (Figures 2 & 3). With the receipt of statutory approvals, mining is changing locus from the Dowling and 2SW pits, west of Floater Road, to approved pits on and east of Floater Road. Initial grade control drilling has been completed to support this development and the quarters ahead will see substantial further infill drilling. Resource development collars and assays are tabulated in Appendices 2 and 3 below. The recent round of drilling has demonstrated wide widths with zones of high grade and coarse grained mineralised pegmatite. Drill hole NWRC028 intersected 11m of pegmatite from 78m to 89m @ 1.8 % Li2O, which included 7m from 78m to 85m @ 2.3% Li2O and further included 1m from 79m to 80m 4.3 % Li2O. Many intercepts included high grade coarse grained spodumene zones at greater than 2% Li2O. | |
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