For thousands of other reports visit RSC's Mineral Intellingence Map
Lepidico Ltd.
Summary
| Project: | Alvarroes | |
|---|---|---|
| Deposit: | Alvarroes | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 3/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-3-2019: Lepidico Ltd. announces an Exploration/Drilling Update report for its Alvarroes deposit at the Alvarroes project. Drilling results incl. 2.38m @ 2.54% Li2O from 45.00m. Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce assa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tom Dukovcic (Internal) | |
| ABSTRACT: | Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce assay results from the late 2018 Mineral Resource drill program at the Alvarrões Lepidolite Mine, located near the city of Guarda in NE Portugal. The diamond drill program comprised 25 holes for approximately 1,677 m of core (351 m PQ and 1326 m HQ). The holes were drilled on nominal 75 m sections and 50 m centres over the central zone of interest at Alvarrões within the Block 1-2 and Block 3 areas (Figure 1). All drill holes intersected lepidolite-bearing pegmatites, with lepidolite content averaging approximately 15% of the pegmatite sills. Best results include 2.38 m @ 2.54% Li2O, 2.64 m @ 1.76% Li2O, 2.45 m @ 1.95% Li2O, 3.80 m @ 1.35% Li2O and 4.44 m @ 0.90% Li2O. Significant intercepts (>1.0 m thickness and > 0.5% Li2O) are provided in Table 1 below. Drill hole location data is presented in Table 2 and a JORC Code (2012) Table 1 Report is included as Appendix 1. The aim of the program was to increase data density through infill and step out drilling within the main area of interest to allow estimation of a predominately Measured and Indicated Mineral Resource, from the current Inferred Resource of 1.5 Mt @1.1% Li2O1 . The new drill holes across the Block 1-2 and Block 3 areas confirm the predictable lateral continuity of individual sills along up to 1 km of strike. In addition to previously identified Sills M, N and O, the latest drilling has verified two further lepidolite-bearing pegmatite sills, Sill L above and Sill P below the main mine sill sequence. These new sills coupled with the step out holes are expected to add substantially to the Mineral Resource tonnes at Alvarrões. The mineralised system remains open to the north, west and at depth. | |
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