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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Sinclair | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum-Rubidium | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-4-2018: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Sinclair deposit at the Pioneer Dome project. Drilling results incl. 11.15m @ 17.43% Cs2O from 38.2m. Perth Western Australia, 19 April 2018: Pioneer Resources Limit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Crook (Internal) | |
| ABSTRACT: | Perth Western Australia, 19 April 2018: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to provide a drilling update for its 100%-held Pioneer Dome Project in the Eastern Goldfields of Western Australia, which includes the Sinclair Zone Caesium Deposit. A programme of diamond-drilling was principally undertaken to infill 5 sections with the strongest caesium mineralisation (in the form of the mineral pollucite) in preparation for final open pit mine design work. Each of the key sections returned pollucite intersections in line with earlier modelling. The programme totalled 20 drill holes and produced 1,333.29m of core. Of these, 15 holes targeted caesium or lithium mineralisation, 4 holes were completed adjacent to the proposed pit walls to provide geotechnical information, and 1 hole became blocked and was abandoned. Most holes also intersected potassium (microcline). With lithium and caesium results to hand, Pioneer’s geological consultants from the Mitchell River Group are revising the Mineral Resource Estimate for caesium. Potassium (microcline) samples, which require specialised processing, are currently being analysed, with results expected before the end of April. The open pit design and confirmation economic study are on track to be concluded by the end of May, 2018. | |
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