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Project: | Bergby | |
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Deposit: | Bergby | |
Location: | Sweden | |
Commodities: | Lithium | |
Date: | 6/22/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 22-6-2017: Leading Edge Materials Corp. announces an Exploration/Drilling Update report for its Bergby deposit at the Bergby project. Drilling results incl. 18.80m @ 1.14% LiO, 101ppm Ta205 from 17.90m. Vancouver, Canada – Leading Edge Materials Corp. (“L | |
Resources: | x | |
CP/QP: | [Overall Report]: Mark Saxon (Internal) | |
ABSTRACT: | Vancouver, Canada – Leading Edge Materials Corp. (“Leading Edge Materials”) or (the “Company”) (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce results from the final six holes drilled at the Company’s 100% owned Bergby lithium project in Sweden. Results were again strongly positive, and include two new near surface intersections that exceed 16m in thickness at greater than 1% Li2O (lithium oxide). With this final set of drill data from the first drill program completed at Bergby, lithium mineralization is known to extend for more than 600m along strike, and remains open in all directions. Preparations are now underway for an expanded second drill program starting Q3 2017. Blair Way, President and CEO, stated “The first Bergby drilling program comprising only 18 holes has delivered excellent lithium and tantalum results, and Bergby now ranks as a very significant lithium occurrence in the Nordic region. The high hit rate of high grade lithium so near surface over a 600m strike is impressive, and sets us up for an immediate follow up drilling program. We are now preparing for additional drilling to test the along strike and down dip extension of lithium mineralization. This program will also collect adequate sample for the first round of mineral processing test work. Additional surface work shall also be completed to better understand the prospectivity of the Bergby area.” Bergby lies in central Sweden, 25km north of the town of Gavle, secured by three exploration licenses that cover a total of 1,903 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries. The potential for low cost and rapid development is significantly enhanced by the presence of a deep-water port only 5km from the site. | |
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