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Kidman Resources Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Earl Grey | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 10/11/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2016: Kidman Resources Ltd. announces an Exploration/Drilling Update report for its Earl Grey deposit at the Mt Holland project. Results incl. 81.35 @ 1.67% Li2O & 3m @ 4.67g/t Au. Kidman Resources Limited (ASX: KDR) is pleased to announce that dril | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: L Sawyer (Geos Mining) | |
| ABSTRACT: | Kidman Resources Limited (ASX: KDR) is pleased to announce that drilling of the Earl Grey spodumene bearing pegmatite is progressing rapidly and continues to deliver outstanding high grade assays over wide intervals, with strong geological continuity and a flat lying geometry, making Earl Grey a very exciting pegmatite discovery. The drilling to date has focused on both defining the surface expression/up dip extent and the strike extent of the pegmatite. Results from this program have confirmed consistent high grades with visible spodumene within all intersections drilled. The drilling will continue to define the area highlighted in Figure 1, increasing both confidence in the grade and geological continuity to achieve a maiden resource for the Earl Grey pegmatite in the December quarter of 2016. Kidman will also begin to progressively step North of the Earl Grey pit where the ore zone remains open down dip of the LCT pegmatite and where the grade intervals have been shown to be in excess of 90m true width grading +1.5% Li2O. Kidman will also begin to undertake a thorough drill programme that will test the gold potential above the Earl Grey pegmatite along strike from the Earl Grey Pit. KEGR020 intersected 3m @ 4.67g/t Au from a depth of 69m in an area that was anticipated to be mineralised but was unlikely to be intersected by the current drilling which is angled sub-parallel to the Banded Iron Formation hosting the gold mineralisation. This programme will be closely reviewed to ensure any drilling undertaken can be used to better understand both the Lithium and Gold potential most cost effectively. | |
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