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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Pioneer Dome | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum | |
| Date: | 11/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2016: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Pioneer Dome deposit at the Pioneer Dome project. Drilling results incl. 6m @ 27.7% Cs2O from 47m. Perth Western Australia, 14 November 2016: Pioneer Resources Limi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Crook, Paul Dunbar (Internal;Independent) | |
| ABSTRACT: | Perth Western Australia, 14 November 2016: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) has received the results from a number of samples which were analysed for qualitative mineralogy by XRD (‘X-ray diffraction”) by Intertek Genalysis, Perth. By confirming the mineralogy as Pollucite the Company can progress its exploration with the knowledge that the caesium mineral present is the preferred feed material in the production of Caesium Formate. Caesium Formate is a high density fluid used in high temperature/high pressure oil and gas drilling. It provides a number of well documented benefits, including: minimal damage to the hydrocarbon-bearing formation resulting in higher production rates, it acts as a lubricant, is non-corrosive and is considered a benign chemical when compared to alternatives. (Refer to Downs, J., et al) The company intends to continue exploration within the Pioneer Dome for Lithium and Caesium with drilling recommencing later this week. Pioneer’s Managing Director said “Confirming the occurrence of the very high value caesium mineral Pollucite in PDRC015 provides encouragement for the Company to delineate this zone more fully knowing that the system contains the preferred mineral for caesium formate production, which is much in demand.” | |
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