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Kidman Resources Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Earl Grey | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 9/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-9-2016: Kidman Resources Ltd. announces an Exploration/Drilling Update report for its Earl Grey deposit at the Mt Holland project. Drilling results incl. 93m @ 1.53% Li2O. Kidman Resources Limited (“Kidman”) (ASX: KDR) is pleased to advise that fresh d | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: L Sawyer (Geos Mining) | |
| ABSTRACT: | Kidman Resources Limited (“Kidman”) (ASX: KDR) is pleased to advise that fresh drilling results have confirmed that its Earl Grey lithium deposit near Southern Cross in WA is a major discovery of significant size showing high-grade mineralisation. The latest results, which come from the first hole drilled at Earl Grey by Kidman, contain 93m at 1.53% Li2O. Assays from the 93m wide Earl Grey pegmatite intercept in KEGR001 (refer Figure 1) have returned sample grades of up to 4.22% Li2O and several highly-mineralised broad zones. As a result of this drilling, the Earl Grey spodumene mineralised pegmatite has now been outlined over a down dip extent of 700m and a strike length of 400m (refer Figure 2) with an estimated average true width of ~80m. Early Grey remains open up-dip, down-dip and along strike. The recent drilling has also highlighted that the mineralised pegmatite flattens out, suggesting it joins with the outcrop located in the south of the mining lease (see figure 2). A new programme of work is due for approval in the coming week so this new interpretation can be drill tested. Two rigs are drilling around the clock with the program moving up-dip to the south on 100m line spacing. Pegmatite outcrops have been located about 1.5km south of the most northerly hole drilled so far (KEGR001). Drilling is now aimed at establishing whether this outcrop is part of the Earl Grey pegmatite which would suggest a strike length of over 1,500m (refer Figure 3). | |
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