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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Cade, Davy | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 2/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-2-2020: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Cade, Davy deposit at the Pioneer Dome project. Drilling results incl. 31.6m @ 1.31% Li2O from 72m. Pioneer Resources (ASX: PIO; “Pioneer” or “the Company”) is please | |
| Resources: | (Resource, Inf.): 8.2Mt @ 1.23% Li2O at Cade | |
| CP/QP: | [Overall Report]: Stuart Kerr (Internal) | |
| ABSTRACT: | Pioneer Resources (ASX: PIO; “Pioneer” or “the Company”) is pleased to report highly encouraging results from the second drill program completed prior to Christmas at its 100%-owned Pioneer Dome Project (refer ASX announcement: 8 November 2019). Pioneer Resources CEO, Tim Spencer, said: “In just two drilling programmes we have demonstrated that the Dome North Area is highly prospective for spodumene mineralisation with excellent lithium grades and widths. This represents a fantastic return for what was a modest but targeted drilling program undertaken prior to Christmas and there are clear opportunities to make further discoveries and increase Mineral Resources. “We have appointed Primero to undertake first-pass metallurgical test work that will help us understand our options as we advance the Project. The outcomes of that work along with further target identification will assist us in planning our next phase of drilling with a view to rapidly advancing what appears to be a substantial emerging lithium asset in a prime location in WA’s Eastern Goldfields.” | |
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