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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 9/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-9-2017: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 16.18m @ 1.72% Li2O from 109.07m. Piedmont Lithium Limited ("Piedmont" or "Company")is pleased to adv | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Not stated) | |
| ABSTRACT: | Piedmont Lithium Limited ("Piedmont" or "Company")is pleased to advise that approximately 4 kilometers of total strike length over eight (8) spodumene bearing mineralized trends have been identified within the Piedmont Lithium Project ("Project") with all pegmatite trends remaining open along strike and down dip. The initial 9,400 meter drilling which was planned for the Phase 2 campaign is now complete and was finished on-time and underbudget. Due to the success of this campaign, the Company has decided to continue the Phase 2 drilling program for a further 3,000 meters which will test the known mineralisation both along strike and importantly down dip. The initial assay results for the first 26 holes of the Phase 2 campaign have been received and continue to show high grade mineralisation across significant, mineable widths. Drill hole details and weighted-composite assay intercepts are attached as Appendix 1. The Company is extremely encouraged by the visual observations of mineralisation in the outstanding holes and expects to receive additional assays over the coming weeks. The first Phase 2 drill holes were focused on the B, F and G corridors identified from the Phase 1 campaign. The cross-section below illustrates significant results from the G Corridor to date, from the Phase 2 Campaign. Keith D. Phillips, President and Chief Executive Officer, said, "These initial Phase 2 results are highly encouraging. We continue to be surprised by the sheer extent of the mineralisation and are excited to begin testing the deposit at depth. The Project is clearly larger than we had first envisioned and it is important that we do the work to properly evaluate the scale of the resource." | |
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