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Jindalee Resources Ltd.

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Summary

Project:

McDermitt

Deposit:McDermitt
Location:United States
Commodities:Lithium
Date:9/12/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:12-9-2019: Jindalee Resources Ltd. announces an Exploration/Drilling Update report for its McDermitt deposit at the McDermitt project. Drilling results incl. 10m @ 2073ppm Li. Diamond drilling at Jindalee’s McDermitt Lithium project has been progressing,
Resources:x
CP/QP:[Overall Report]: Pip Darvall (Internal)
ABSTRACT:Diamond drilling at Jindalee’s McDermitt Lithium project has been progressing, with eight holes now completed. The remaining rig on site setting up on the ninth and final planned hole (Figure 1). Assays have been received for MDD-005, the first hole completed in the 2019 program. Results are broadly in line with the results received in 2018, with several mineralised zones intersected. These include a thick upper zone, and two higher grade zones below (Table 1). MDD-005 was not able to penetrate the entire thickness of sediments and the hole ends in mineralisation. The remaining holes have all managed to penetrate the entire sedimentary section and intersect the volcanic basement at varying depths. The depth to basement typically increases to the south and south east away from the caldera margin, with the deepest hole drilled to date (MDD-011) penetrating over 176m of sediments. Core from the majority of the other completed holes has been processed and transported to the assay lab in Reno.

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