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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Pioneer Dome | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium | |
| Date: | 10/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2016: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Pioneer Dome deposit at the Pioneer Dome project. Drilling results incl. 7m @ 1.52% Li2O and 6m @ 27.7% Cs2O. Perth Western Australia, 4 October 2016: Pioneer Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Crook (Internal) | |
| ABSTRACT: | Perth Western Australia, 4 October 2016: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to provide the following update regarding its 100%-held Pioneer Dome Lithium Project. The Company has completed the first pass of drilling at 3 targets at its 100%-held Pioneer Dome Lithium Project, and the first batch of assays has been received. The programme saw 64 reverse circulation (RC) drill holes completed for 5,200m at the PEG001, PEG002 and PEG008A pegmatite and geochemistry targets, and confirmed unequivocally that the Project hosts rare-metal LCT Pegmatites. Assays have been received for holes PDRC001-PDRC015, drilled into the southern end of the PEG008A pegmatite (refer to Figure 1). Drill holes PDRC010 to PDRC028 were collared on 160m spaced drill traverses with holes spaced at 40m on each traverse. Infill holes, PDRC055-PDRC063, were drilled on a 80m x 40m spacing around the visually encouraging PDRC015 and PDRC021. Assays are pending for holes numbered PDRC016-PDRC065. The PEG008 lens is up to 80m thick with mineral differentiation evident, which has resulted in a quartzrich core encompassed by silicate mineral zones. PDRC015 returned 7m at 1.52% Li2O from 52m. Samples from PDRC015 have been submitted for petrology and XRD analyses to identify all lithium bearing minerals in what is a highly differentiated rare-metal pegmatite body. PDRC015 also returned 6m of high grade caesium grading 27.7% Cs2O from 47m, likely to be contained in the mineral ‘pollucite’. The largest known deposit of pollucite is at the Tanco Mine, owned and operated by Cabot Corporation at Bernic Lake, Manitoba, Canada. Further information for caesium and the Tanco Deposit is readily available, including from (Tuck (USGS) 2015) and Martins et al (2013). By gross weight, the greatest use of caesium is in the manufacture of formate brines for highpressure/high-temperature oil and gas drilling and exploration. | |
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