For thousands of other reports visit RSC's Mineral Intellingence Map
Kidman Resources Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Earl Grey | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 7/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-7-2016: Kidman Resources Ltd. announces an Exploration/Drilling Update report for its Earl Grey deposit at the Mt Holland project. New assay results incl. 52m @ 1.53% Li2O from 206m from old drill holes. Kidman Resources (ASX: KDR) is pleased to advise | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: L Sawyer (Geos Mining) | |
| ABSTRACT: | Kidman Resources (ASX: KDR) is pleased to advise that it has discovered a second high-grade lithium-bearing pegmatite at its Mt Holland gold project near Southern Cross in WA. Assays from the Earl Grey pegmatite have returned sample grades of up to 3.94 per cent lithium (Li2O) and highly-mineralised intersections over widths of up to 52m. All holes have ended in mineralisation. Other strategic metals such as Tantalum (up to 255ppm Ta2O5), Caesium (up to 0.162% Cs2O) and Niobium (up to 359ppm Nb2O5) all show enrichment in zones within the Earl Grey Pegmatite. Earl Grey was drilled by the project’s previous owner as part of a gold exploration program. As a result, the RC chips were not assayed for lithium and the holes were terminated while still in the mineralised pegmatite. The Earl Grey results follow last month’s discovery by Kidman of the Bounty Spodumene bearing pegmatite at Mt Holland. Assays from Bounty included grades of up to 1.53 per cent lithium over 54.2m (See KDR ASX Announcement 2nd June 2016). In its ASX announcement of June 2, 2016, Kidman said the Bounty results were some of the best lithium assays seen in WA. Kidman has also identified a further four extensive pegmatites at Mt Holland, including the 2.2km long Prince of Wales pegmatite (also on granted Mining Lease) as well as the 6.3km-long Texas pegmatite. Both of these pegmatites are located along strike within the same ultramafic unit and are confirmed by historic drilling which was not assayed for Lithium. (Refer Figure 3) An exploration program involving soil geochemistry and RC drilling is being planned to methodically test the known pegmatites of the district. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report