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Lepidico Ltd.
Summary
| Project: | Alvarroes | |
|---|---|---|
| Deposit: | Alvarroes | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 7/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-7-2017: Lepidico Ltd. announces an Exploration/Drilling Update report for its Alvarroes deposit at the Alvarroes project. Drilling results incl. 3.35m @ 1.40% Li2O from 16.25m. Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to advise that | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tom Dukovcic (Internal) | |
| ABSTRACT: | Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to advise that assay results for the first batch of core samples from the current diamond drilling program at Alvarrões have been received. Samples were taken from the two uppermost pegmatite sills from three of the first four holes drilled at the Block 1 area at Alvarrões (Figure 1). Assays confirm strong lepidolite mineralisation in each sill, including: This sill is also identified in the recently drilled adjacent hole ALVD05 (Figure 2), from which assays are yet to be received. Summary results are presented in Table 1, with all assay results presented in Appendix 1. These initial results confirm that Alvarrões has the potential to provide a long-term supply of lepidolite for concentrate feed to the proposed Phase 1 L-Max® Plant, currently the subject of a Feasibility Study. Lepidico Managing Director, Joe Walsh, said, “Alvarrões is shaping up as a large lithium mica mineralised system. Block 1 alone has the potential to supply a long-term, quality concentrate feed to the Phase 1 L-Max® Plant planned to be strategically located in Ontario, Canada. Similar success at the larger Block 3 could make Alvarrões the main feed source for a conceptual full scale Phase 2 L-Max® Plant. “The excellent result from Alvarrões have provided the confidence to appoint both mining and geotechnical consultants with the objective of expediting the estimation of Ore Reserves. | |
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