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Metals Australia Ltd.
Summary
| Project: | Manindi | |
|---|---|---|
| Deposit: | Manindi | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 7/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-7-2018: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Manindi deposit at the Manindi project. Drilling results incl. 8m @ 1.06% Li2O from 18m. Diversified metals exploration company, Metals Australia Ltd (ASX: MLS) is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lachlan Reynolds (Internal) | |
| ABSTRACT: | Diversified metals exploration company, Metals Australia Ltd (ASX: MLS) is pleased to announce that it has received assay results for a program of reverse circulation (RC) percussion drilling completed at the Manindi Lithium Project (the “Project”), located in Western Australia (Figure 1). The drilling program comprised three traverses of drilling to test three outcropping pegmatite dykes that have all been observed to contain lepidolite mineralisation (Figure 2). A total of 17 RC holes were completed, for a total of 837 metres of drilling (refer to ASX announcement dated 21 June 2018). Assay results have demonstrated that the pegmatite dykes are fertile and mineralised with lithium and tantalum everwhere that they were intersected in drilling (see Table 1). Significant intersections of lithium mineralisation (see Table 2) typically occurred in continuous zones within the pegmatite dykes, which were up to 15 m true thickness. Continuity of the dykes was established over strike lengths of up to 200 m. These encouraging initial results suggest that a further exploration program of additional field mapping and sampling should be conducted prior to an expanded drilling program and further metallurgical testwork. | |
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