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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 11/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-11-2017: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 10.36m @ 1.53% Li2O from 39.25m. Piedmont Lithium Limited (ASX: PLL, OTC – Nasdaq International: PLLL | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Internal) | |
| ABSTRACT: | Piedmont Lithium Limited (ASX: PLL, OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) is pleased to report further high grade mineralisation from the 93-hole Phase 2 drilling campaign on the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”). The Phase 2 program totalled 12,262 meters of diamond core drilling. Keith D. Phillips, President and Chief Executive Officer, said, “These additional Phase 2 results continue to showcase the high-grade mineralization throughout our growing land package. We are increasingly confident in our ability to define a large lithium deposit in this historic belt, and we look forward to releasing the remaining results of our Phase 2 drilling campaign over the coming weeks.” In addition to the initial assay results for the first 26 Phase 2 holes (reported September 26, 2017), the second group of 25 holes reported in this release continue to define high grade mineralised trends totalling 4 kilometers in strike. Drill hole details and weighted-composite assay intercepts are attached as Table 1. The Company is extremely encouraged by the visual observations of mineralisation in the remaining 42 holes and expects to receive additional assays over the coming weeks. The Phase 2 drilling program consisted of systematic 40 to 80 meter “step-outs” along strike and down dip identifying eight (8) significant spodumene bearing pegmatites dikes or dike swarms totalling approximately 4 kilometers in strike length. | |
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