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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Cade | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 10/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2019: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Cade deposit at the Pioneer Dome project. Drilling results incl. 15m @ 1.48% Li2O from 206m. Perth, Western Australia: 10 October 2019: Pioneer Resources Limited (" | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Crook (Internal) | |
| ABSTRACT: | Perth, Western Australia: 10 October 2019: Pioneer Resources Limited ("Company" or “Pioneer”) (ASX: PIO) is pleased to advise that the assay results from the final 11 holes of the recent drilling programme at the Company’s 100%-owned Pioneer Dome Project have been received. Drilling recently tested two of four lithium-caesium-tantalum (“LCT”) pegmatite targets, resulting in the discovery of the Cade Spodumene Deposit, and intersections of significant mineralisation at Spodumene Target 1. The target cluster is located 10km west of the Goldfields-Esperance Highway (refer to Figure1). Assays reported herein are for holes PDRC278-PDRC288. All mineralised pegmatites remain open and drilling will resume in November to further determine their dimensions. It is noteworthy that the 4 targets identified to date have same apparent orientation and dip, suggestive of regional pegmatite stacking. | |
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