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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 11/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2017: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 13.95m @ 1.34% Li2O from 90.35m. Piedmont Lithium Limited (ASX: PLL, OTC: PLLLY) (“Piedmont” or “Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Internal) | |
| ABSTRACT: | Piedmont Lithium Limited (ASX: PLL, OTC: 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”). Phase 2 Results and Discussion In addition to the first 51 Phase 2 drill holes (reported September 26, 2017 and November 2, 2017), the current group of 26 drill holes reported in this release continue to define high grade mineralised trends totalling over 4 kilometers in strike. The entire Pegmatite system remains open at depth and along strike. Drill hole details and weighted-composite assay intercepts are attached as Table 1. Geological modelling has begun on the results from the Phase 2 drill campaign with initial results indicating the presence of 38 pegmatite bodies across the 4+ kilometres of strike length on the Project. Importantly, the vast majority of the dykes have been intersected at shallow depths of less than 100 metres vertically. These initial results give the Company confidence in being able to define a shallow, open-pitable deposit which is strategically located within the historical lithium mining and processing region of the USA. Logging, sampling and shipping of all Phase 2 drill core samples has been completed. All assays from the Phase 2 program should be received from SGS Labs by early-December. The Phase 2 drill holes reported in this release highlight the initial high grade intercepts with significant cumulative thickness within the Star Corridor (figure 3) and further defined the mineralization in the B, F & G corridors. Significant intercepts within the B, F & G corridors continued to display similar high grade results as have been previously reported. | |
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