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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | San Francisco, Cocina | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 2/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-2-2017: Lithium Power International Ltd. announces an Exploration/Drilling Update report for its San Francisco, Cocina deposit at the Maricunga project. JV - Drilling results incl. 186m @ 1368mg/l avg Li, 9468mg/l avg K from 14m. Lithium Power Internati | |
| Resources: | (historical estimates only) | |
| CP/QP: | [Overall Report]: Murray Brooker (Hydrominex Geoscience Pty Ltd.) | |
| ABSTRACT: | Lithium Power International Limited (ASX: LPI) (“LPI” or “the Company”) is pleased to advise the results of the latest holes drilled in the Maricunga lithium brine project in northern Chile. Drilling has now been completed at the Maricunga project with results being collated for the upcoming resource estimate. Drilling comprised a total of 11 holes for the resource estimate, one test production well for pumping (P4) and 8 additional monitoring wells as part of the project baseline monitoring. Assays from completed holes at sites S2, S18 and S19 are pending, and will be reported as they become available. Of the holes with assays yet to report S19 was drilled to a depth of 360 m. This hole is very significant, as it shows the thick sand and gravel sequence in the upper 200m of the joint venture properties continues at depth beneath the area of the upcoming resource estimate. Lithium Power International’s Chief Executive Officer, Martin Holland, commented: “The exceptional assay results from drill hole S6 complete the results from the western drill holes, which are excellent overall. LPI is now awaiting the results from drilling in the Cocina and Litio properties prior to finalizing the geological model, leading to the new resource estimate.” | |
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