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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Pioneer Dome | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum | |
| Date: | 10/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2016: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Pioneer Dome deposit at the Pioneer Dome project. Drilling results incl. 12m @ 1.41% Li2O from 60m. Perth Western Australia, 17 October 2016: Pioneer Resources Limi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Crook (Internal) | |
| ABSTRACT: | Perth Western Australia, 17 October 2016: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to announce that all assay results have now been received from the recent drilling programme at its 100%-held Pioneer Dome Lithium Project. In addition to the very encouraging lithium intersections below, an intersection of high grade pollucite, an ore mineral of caesium, has potential importance and will be subjected to additional drilling. Drilling at the Company’s namesake Pioneer Dome Project has confirmed unequivocally that the Project hosts a rare-metal Lithium Caesium Tantalum (“LCT”) Pegmatite system. Highly fractionated pegmatite zonation is evident, including ore grade mineralogical phases. The first pass drilling programme saw 64 reverse circulation (RC) drill holes completed for 5,223m. Drilling at target PEG008A intersected pegmatites hosting lithium, caesium and tantalum mineralisation (refer to Figure 1) in a cluster of drill holes over a strike length of 320m. The Company has lodged a Program of Work submission to drill the more southern PEG008B, which also has a strong LCT soil geochemical anomaly. It is well documented that a range of elements, including lithium, caesium, tantalum, tin and beryllium, form in distinct zones within a differentiated pegmatite body as distance from the parent granite increases. The characteristics of PEG008A to date are similar to those of an extreme distal pegmatite zone, which is characterised by the occurrence of pollucite, a globally significant and rare ore mineral of caesium. In this zone lithium may occur in micas, lepidolite and other exotic minerals either with or without spodumene. Spodumene tends to occur in greater abundance in more proximal zones. | |
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