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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Central, Sunnyside | |
| Location: | United States | |
| Commodities: | Lithium-Silica-Feldspar-Mica | |
| Date: | 10/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2018: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Central, Sunnyside deposit at the Piedmont project. Drilling results incl. 33.97m @ 1.04% Li2O from 74.70m. Piedmont Lithium Limited (“Piedmont” or “Company”) is ple | |
| Resources: | (Resource, I+I): 16.19Mt @ 1.12% Li2O for 182Kt Li2O | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Independent) | |
| ABSTRACT: | Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has received all assays results from its initial exploratory drilling on its new Sunnyside and Central properties in the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, United States. This maiden drill program comprised 10 holes, 7 from Sunnyside and 3 from Central, totalling 1,411 meters. Keith D. Phillips, President and Chief Executive Officer, said: “We are exceedingly happy with the initial results from Central and Sunnyside, with Hole 18-CT-002 in particular being the widest intercept encountered to-date. We have delineated a world-class resource of 16.2Mt @ 1.12% Li2O at our Core property, supporting a project life of 13 years as reported in our recent Scoping Study. These initial results at Central and Sunnyside indicate the potential for a significant project life extension.” Piedmont is encouraged by the initial drill results from Central and Sunnyside properties and is designing follow up drill campaigns for both. In addition, over 650 soil samples have been collected and over 33-line kilometres of walking magnetometer geophysical surveys have been undertaken on the properties. Soil assays are still pending and will be paired with the geophysical data to produce drill targets for the properties. | |
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