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Marindi Metals Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Gem | |
| Location: | Australia | |
| Commodities: | Lithium-Iron | |
| Date: | 12/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2016: Marindi Metals Ltd. announces an Exploration/Drilling Update report for its Gem deposit at the Forrestania project. Drilling results incl. 34m @ 3.10% Li2O, 0.26% Fe2O3 from 68m. Marindi Metals Ltd (ASX: MZN) is pleased to provide the followin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph Treacy (Internal) | |
| ABSTRACT: | Marindi Metals Ltd (ASX: MZN) is pleased to provide the following update on the progress of exploration at the Gem Pegmatite Mining Lease at Forrestania in Western Australia. As previously reported1 , reconnaissance exploration drilling commenced on 10 December 2016 and is at an early stage, with the program consisting of approximately 2000m drilled on lines 400m apart and nominally on 40m intervals across coincident soil and geological anomalism. The aim of the program is to determine the extent of pegmatite(s) present and their strike and dip. This initial program is expected to be completed in late December. On the most northerly line, hole GPRC06 intersected 110m of pegmatitic material from surface to 110m down the hole, see plans attached. At this stage the Company has not determined the dip or strike of the unit so the true width of the intersection is unknown, but the initial interpretation is that the unit is sub vertical. To shorten the turnaround time for the receipt of analyses 2 metre composites were prioritised for analysis to determine if the pegmatite was a specialised type such as one of the lithium caesium tantalum (LCT) style. Examples of LCT pegmatites include Greenbushes, Pilgangoora and the neighbouring Earl Grey deposit. | |
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