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Pilbara Minerals Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 11/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-11-2016: Pilbara Minerals Ltd. announces an Exploration/Drilling Update report for its Pilgangoora deposit at the Pilgangoora project. Drilling results incl. 21m @ 1.66% Li2O from 143m. Australian lithium developer Pilbara Minerals Ltd (ASX: PLS) is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Young (Internal) | |
| ABSTRACT: | Australian lithium developer Pilbara Minerals Ltd (ASX: PLS) is pleased to report that it has now completed extensive programs of sterilisation and strategic development drilling at its 100%-owned Pilgangoora Lithium-Tantalum Project, located near Port Hedland in WA, with outstanding results generated in several areas paving the way for a further increase the project’s resource inventory. Results have now been received for 65 Reverse Circulation (RC) drill-holes from the recently completed drilling program. The drilling was designed to target extensions to known near-surface pegmatites with the potential to add material tonnes to the existing resource base and assist with final pit designs, as well as sterilisation drilling to define final locations for key site infrastructure including waste dumps. Recent drilling results at both the Far East and Monster pegmatites has continued to identify significant thick zones of high-grade mineralisation. Results from the Far East zone have defined lithium mineralisation in a single pegmatite which extends for over 1.2km while drilling at the Monster prospect has extended the mineralised pegmatite a further 250m to the south. RC drilling of the pegmatites adjacent to Altura Mining’s (ASX: AJM) eastern boundary has also been completed with results indicating that the mineralised pegmatites extend on to Pilbara’s tenement M45/333. This exploration work indicates that there is potential for a significant expansion of the proposed South Pit in conjunction with Altura’s proposed mining operations. Pilbara’s Managing Director and CEO, Mr Ken Brinsden, said the completion of the sterilisation and strategic drilling program marked the end of a remarkably successful 2016 exploration campaign at Pilgangoora. “When you stand back and look at what has been achieved this year in terms of drilled metres and the astonishing return on that investment in terms of resource and reserve growth, it has been a standout performance by our exploration team,” he said. | |
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