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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Pioneer Dome | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum-Rubidium | |
| Date: | 6/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2017: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Pioneer Dome deposit at the Pioneer Dome project. Drilling results incl. 31m @ 2.54% Li2O from 47m. Perth Western Australia, 20 June 2017: Pioneer Resources Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Crook, Paul Dunbar (Internal;Not stated) | |
| ABSTRACT: | Perth Western Australia, 20 June 2017: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to announce assay results received from the most recent drilling programme at its 100%-held Pioneer Dome Lithium-Caesium-Tantalum (“LCT”) Pegmatite Project, near Norseman in WA. 14 shallow reverse circulation (RC) drill holes (PDRC111-124, totalling 1002m) have intersected the thickest, high grade lithium alumina silicates (refer Figure 2, 3 - likely petalite or spodumene), as well as the thickest lithium mica (e.g. lepidolite) intersections recorded to date from the PEG008A Prospect, adjacent to the Sinclair Caesium Zone. A further 3 diamond core holes, which intersected Sinclair Zone pollucite, have not been cut and assayed as they were drilled for geotechnical information. The Company’s priority is to expedite the commercialisation the Sinclair Caesium Zone. The next step is the development of an exploration decline and extraction of a bulk sample of ‘direct shipping’ pollucite for metallurgical processing. Drilling at the Company’s namesake Pioneer Dome Project has confirmed the discovery of a rare-metal Lithium-Caesium-Tantalum Pegmatite system. Drilling has demonstrated highly fractionated pegmatite zonation, including ore grade mineralogical phases. It is well documented that a range of elements, including lithium, caesium, tantalum, rubidium, tin and beryllium, form in distinct zones within the differentiated pegmatite body. The characteristics of PEG008A Pegmatite to date are 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 (e.g. lepidolite) along with other exotic minerals. Spodumene tends to occur in greater abundance in more proximal pegmatite zones. | |
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