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Greenpower Energy Ltd.
Summary
| Project: | Morabisi | |
|---|---|---|
| Deposit: | Turesi | |
| Location: | Guyana | |
| Commodities: | Lithium | |
| Date: | 7/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2018: Greenpower Energy Ltd. announces an Exploration/Drilling Update report for its Turesi deposit at the Morabisi project. Drilling results incl. 2.35m @ 7319ppm Li from 95.65m. Greenpower Energy Ltd (“Greenpower” or “the Company”) (ASX: GPP) and t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Watts (Australian Exploration Field Services Pty Ltd.) | |
| ABSTRACT: | Greenpower Energy Ltd (“Greenpower” or “the Company”) (ASX: GPP) and the Company’s joint venture partner Guyana Strategic Minerals (“GSM”) are pleased to provide the analyses from hole TD004 through to hole TD-012 of the current programme at the Turesi Prospect in the Morabisi PGGS tenement, Guyana (“Project”). The initial drill programme of 15 holes for a total of 1,991m of drilling has been completed. Analyses for holes TD-004 to TD-012 have been received from Nagrom Laboratories, Perth, Western Australia and are shown in the attached table. Elevated readings of lithium have been recorded in all drill holes throughout the drilling programme but as yet the main source has yet to be located. Map 1 shows the location of the holes drilled during the drilling programme. Analyses for TD-013 to TD-015 have not yet been completed by the laboratory and will be reported once received. Arrangements have been made with the drilling company that the drill rig will remain on site at Turesi Camp until all the data is available for a decision to be made to continue with further drilling. Greenpower Executive Chairman, Gerard King commented: “Interpretation of the results received to date is in progress. The continued intersection of very high lithium values in the country rock as presented in the attached analyses and pervasive over the entire rock column indicates that the Morabisi Project is a high-quality source area. The next step is to identify the areas where ore bearing pegmatites exist. | |
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