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Marindi Metals Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Cosmic Boy East | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Marindi Metals Ltd. announces an Exploration/Drilling Update report for its Cosmic Boy East deposit at the Forrestania project. Drilling results incl. 4m @ 0.10% Li2O. Marindi Metals Limited (ASX: MZN) advises that recent Reverse Circulation dr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Simon Lawson (Internal) | |
| ABSTRACT: | Marindi Metals Limited (ASX: MZN) advises that recent Reverse Circulation drilling at the Cosmic Boy East prospect, part of its 100%-owned Forrestania Lithium-Gold Project in WA, has intersected a large intrusive rock unit with anomalous lithium mineralisation within the greenstone/granite contact zone towards the southern end of the prospect area. The intrusive unit extends over a strike length of least 500m, averages 25-30m in thickness and extends at least 150m down-dip to the west. The unit was identified to the south and along-strike from the as-yet untested Echo LCT-pegmatite outcrop, which was identified on the mapped granite/greenstone contact by Marindi earlier this year (see Figure 1). The intrusive unit was initially logged as a very coarse crystalline rock-type consisting of translucent to milky-white crystals with variable grey, to pinkish, to green hues. The chips fluoresce orange-red under longwave UV light and initial indications were that the unit could possibly contain spodumene, the primary source of lithium. Following the discovery of the intrusive unit, significant widths of this rock unit were logged in RC drilling in several drill-holes on Sunday 19th August and Monday 20th August, including a continuous 64 metre down-hole zone in hole hole FFRC0017 and 61 metre down-hole zone logged in scissor hole FFRC0018, drilled to confirm the orientation and approximate true width of the zone (see Figure 2). | |
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