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Lepidico Ltd.
Summary
| Project: | Lemare | |
|---|---|---|
| Deposit: | Lemare | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 8/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-8-2017: Lepidico Ltd. announces an Exploration/Drilling Update report for its Lemare deposit at the Lemare project. JV with Critical Elements Corp. - Drilling results incl. 18m @ 2.0% Li2O from 6.8m. Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tom Dukovcic (Internal) | |
| ABSTRACT: | Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to advise the results from the second stage of drilling at the Lemare spodumene project in Quebec, Canada. The Stage 2 diamond drilling program has been completed along the 600 metre long SW Extension of the Lemare spodumene pegmatite identified in late 2016 (Figures 1 - 3). A total of 15 holes, for 1,527 m of NQ core, were drilled on nominal 50 m sections along the mapped extension of the spodumene- bearing pegmatite to the SW of a lake and the discovery zone drilling last year. Broad intervals of spodumene-bearing pegmatite are recorded in the eastern 250 m section of the SW Extension corridor, and remain open at depth, as shown in Figures 4, 5 and 6. Geological logs show spodumene content ranging from 5% up to 25%. Drilling to the west of a sharp inflection in the interpreted position of the surface mineralised corridor did not intercept the spodumene pegmatites at depth or identified relatively narrow intervals, necessitating a reinterpretation of the geology in this area. This is similar to the pinch-and-swell character of the pegmatites seen at the main Lemare prospect 300 m to the northeast across the lake. | |
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