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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Pioneer Dome | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum | |
| Date: | 1/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-1-2017: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Pioneer Dome deposit at the Pioneer Dome project. Initial Exploration Target established plus new drilling results incl. 12m at 15.77% Cs2O from 43m. Perth Western A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Crook, Paul Dunbar (Internal;Not stated) | |
| ABSTRACT: | Perth Western Australia, 13 January 2017: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to provide a drilling update for its 100%-held Pioneer Dome Lithium-Caesium-Tantalum (“LCT”) Pegmatite Project in the Eastern Goldfields of Western Australia. On 13 December 2016, the Company advised that it has completed a programme of close-spaced drill holes, comprising 18 reverse circulation (“RC”) and 6 pre-collared diamond core holes, totalling 24 holes for 1,785m, including 215.7m of HQ core. Results include high-grade caesium assays (>10% Cs2O) with individual one-metre samples to 30.53% Cs2O and similarly one-metre lithium assays to 4.59% Li2O – importantly, in the latter case, from petalite/spodumene. The high-value caesium mineral pollucite has been intersected in drilling over a strike length of 60m (Figure 1 below), now named the Sinclair Zone (Laurie Sinclair was a pioneering prospector who discovered gold at Norseman in 1894). The Sinclair Zone is one of a number of caesium and lithium targets being investigated. | |
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