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Greenpower Energy Ltd.
Summary
| Project: | Morabisi | |
|---|---|---|
| Deposit: | Turesi | |
| Location: | Guyana | |
| Commodities: | Lithium | |
| Date: | 6/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-6-2018: Greenpower Energy Ltd. announces an Exploration/Drilling Update report for its Turesi deposit at the Morabisi project. Drilling results incl. 1.5m @ 0.5% Li20 from 58m. Greenpower Energy Ltd (ASX: GPP) and the company’s joint venture partner Gu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Watts (Australian Exploration Field Services Pty Ltd.) | |
| ABSTRACT: | Greenpower Energy Ltd (ASX: GPP) and the company’s joint venture partner Guyana Strategic Minerals (GSM) now present the assay results from the first three holes of the current [initial] programme. As of 12 June 2018 core drilling on TD-011 is in progress. This is the 11th hole in this our initial programme. To date we have drilled just over 1400 meters of cored hole. Performance of the Orbit rig has been excellent with over 90% core recovery and rig down time of less than 5%. Map 1 shows the location of the holes drilled to date. Map 2 is a copy of our Morabisi programme map. Assays for the first three holes have been received from Nagrom Laboratories, Perth, Western Australia and are shown in the attached table. Significant sub commercial lithium values are present in all three holes over the entire length of each hole. The weighted average lithium values are respectively 473, 356 and 564 ppm [parts per million] for the three holes. For granitic rocks the global average is less than 30ppm. The presence of supra normal lithium values, pervasive over the entire rock column shows that the Morabisi area is a high-quality source area. As is usual the site of further drill holes will be reviewed on the basis of results to date. Managing Director Gerard King commented: “We are encouraged by the pervasive presence of lithium in all three holes and from top to bottom. This confirms Morabisi as a lithium province. It provides impetus for a programme to find and delineate zones of commercial level lithium.” | |
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