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Jindalee Resources Ltd.
Summary
| Project: | McDermitt | |
|---|---|---|
| Deposit: | McDermitt | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 10/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2019: Jindalee Resources Ltd. announces an Exploration/Drilling Update report for its McDermitt deposit at the McDermitt project. Drilling results incl. 36m @ 2141ppm Li from 40m. Jindalee Resources Limited (‘Jindalee’) is pleased to announce additi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Pip Darvall (Internal) | |
| ABSTRACT: | Jindalee Resources Limited (‘Jindalee’) is pleased to announce additional excellent assay results have been received from its recent drill program at its 100% owned McDermitt lithium project. With the receipt of assay results from MDD-012 and MDD-006 (reported 29 October 2019)1 , the continuity of thick zones of lithium mineralisation across the central part of the project area is confirmed, with extensions to the west pending assay results from the remaining two holes MDD-011 and MDD-013. This demonstration of continuity across a large area, and at depth in multiple stacked horizons is extremely positive and suggests there is the potential to substantially increase the current Exploration Target Range (ETR) of 160-780 Mt @ 1300-1600ppm Li2 and the quantity of contained lithium. The high-grade intercepts recorded from MDD-012 also have the effect of expanding the areal extent of the near surface zone of higher-grade material previously identified1 (Figure 3, Table 2). Results from holes MDD-011 and MDD-013 are awaited and will be reported once received. | |
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