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Greenpower Energy Ltd.

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Summary

Project:

Morabisi

Deposit:Turesi
Location:Guyana
Commodities:Lithium
Date:7/31/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:31-7-2018: Greenpower Energy Ltd. announces an Exploration/Drilling Update report for its Turesi deposit at the Morabisi project. Drilling results incl. 4.32m @ 470ppm Li from 94.3m. Greenpower Energy Ltd (“Greenpower” or “the Company”) (ASX: GPP) and the
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 TD013 through to hole TD-015 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-013 to TD-015 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 the main source remains to be located. Map 1 shows the location of the holes drilled during the drilling programme. 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: “We would like to take the opportunity to thank the team for a successful Turesi drilling program, completed without incident during the difficult wet season. We look forward to working through the interpretation of the data obtained internally and externally and consider the next phase for Turesi, an area where drilling, and analyses have now confirmed as a high-quality source area.”

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