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Global Geoscience Ltd.
Summary
| Project: | Rhyolite-Ridge | |
|---|---|---|
| Deposit: | North Basin | |
| Location: | United States | |
| Commodities: | Lithium-Boron-Potassium | |
| Date: | 9/5/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2016: Global Geoscience Ltd. announces a Resource Estimation report for its North Basin deposit at the Rhyolite-Ridge project. Exploration Target calculated for North Basin at Rhyolite-Ridge project. Global Geoscience Limited (“Global” or the “Company | |
| Resources: | Exploration Target: 1-1.5Bt @ 1000-2000ppm Li, 0.5-1% B, 0.5-1.0% K at North Basin | |
| CP/QP: | [Overall Report]: Bernard Rowe (Internal) | |
| ABSTRACT: | Global Geoscience Limited (“Global” or the “Company”) advises that it has completed its preliminary review of recently acquired historical exploration data over the southern basin (“South Basin”) of the Company’s Rhyolite Ridge Lithium-Boron Project in Nevada. The data demonstrates the significant tonnage together with the potential for higher-grade zones of mineralisation within South Basin. The Company has estimated an Exploration Target for the North Basin of: 1 to 1.5 billion tonnes of 1000ppm to 2000ppm lithium, 0.5% to 1.0% boron and 0.5% to 1.0% potassium The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target is based on results from surface geological mapping, rock chip and channel/trench sampling. The Exploration Target is not based on drill hole data. The previous work was completed by JOGMEC/American Lithium Minerals in 2010/2011 and Global has acquired the data. The same mineralised stratigraphy present at South Basin also occurs at North Basin. The mineralised rocks have been observed at surface over an area of approximately nine square kilometres (not continuous). A thickness of 50m to 70m for the mostly flat lying mineralisation has been assumed based on similarities with South Basin. The actual thickness of mineralisation at North Basin is unknown and will be tested with drilling. | |
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