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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2018: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 11.07m @ 1.57% Li2O from 101.4m. Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to adv | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Internal) | |
| ABSTRACT: | Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has received assay results from a further 41 holes from the current drilling campaign on its properties in the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, United States. The Company remains on schedule to release a maiden Mineral Resource estimate in accordance with the JORC Code by the end of the 2nd Quarter 2018. The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts. For the Phase 3 program, the Company has completed 117 holes totalling 20,279 meters. Due to operational efficiencies of the Piedmont field crew and the drilling contractor, the original Phase 3 program was completed under budget, thus allowing for additional drill meters at the Piedmont Project as well as initial drilling at the regional targets, Sunnyside and the Central Properties. The table below shows an updated Plan for Phase 3 drilling. Infill drilling at the Core property is completed and exploratory drilling will be completed in the coming weeks. The maiden Mineral Resource estimate continues to remain on-track for delivery by end of 2nd Quarter 2018. A drill rig will be mobilized to the Sunnyside property within the next few weeks as soon as the North Carolina State Sedimentation and Erosion permit is issued. The initial Sunnyside drilling is expected to consist of 4 to 6 holes totalling 600 to 900 meters. | |
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