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Lepidico Ltd.
Summary
| Project: | Alvarroes | |
|---|---|---|
| Deposit: | Alvarroes | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 9/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2017: Lepidico Ltd. announces an Exploration/Drilling Update report for its Alvarroes deposit at the Alvarroes project. Drilling results incl. 3.93m @ 1.26% Li2O from 62.27m. 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 is has received further encouraging assay results from its Mineral Resource definition drill program at the Alvarrões Lepidolite Project in Portugal. Holes ALVD 13, ALVD 14 and the lower part of ALVD08 all intersected multiple strongly mineralised lepidolite-bearing pegmatite sills. Importantly the sills were intersected at predicted elevations, confirming lateral and down-dip continuity, which provides confidence that the pegmatite system at Alvarrões will be of a sufficientscale to supply a long-life lepidolite concentrate feed for the Company’s Phase 1 L-Max® Plant, proposed to be built in Canada and currently the subject of a Feasibility Study. The final hole of the program (ALVD19) was a large step-out exploration hole, that has extended the mineralised zone at Block 1 by a further 260 m down-dip. Lepidolite mineralisation has now been identified by drilling over a strike of 400 m and approximately 600 m down-dip (Figure 1). Samples for holes ALVD15 – ALVD18 have been submitted for assay with results expected before the end of September. Samples from hole ALVD19 will be dispatched this week. In total the drilling program comprised 19 holes for 1,246 m of HQ core, as detailed in Table 2. Interpretation and modelling of results, including drill hole logs and assays received to date, is underway with the aim of defining a JORC Code compliant Mineral Resource estimate for Alvarrões in October 2017. | |
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