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Platypus Minerals Ltd.

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Summary

Project:

Lemare

Deposit:Lemare
Location:Canada
Commodities:Lithium
Date:11/24/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:24-11-2016: Platypus Minerals Ltd. announces an Exploration/Drilling Update report for its Lemare deposit at the Lemare project. Drilling results incl. 41.5m @ 1.71% Li2O from 10.5m. Platypus Minerals Ltd (“Platypus” or “Company”) is pleased to announce p
Resources:x
CP/QP:[Overall Report]: Tom Dukovcic (Internal)
ABSTRACT:Platypus Minerals Ltd (“Platypus” or “Company”) is pleased to announce positive results from the Stage 1 exploration program recently completed at the Lemare Project. The Lemare Project comprises 158 claims encompassing 74 km2 in the Abitibi greenstone belt in the James Bay region of Quebec, Canada. Lemare is located approximately 60 km east of the town of Nemaska and sits 30 km east of the Whabouchi spodumene deposit owned by Nemaska Lithium (Figure 1). The Company’s first exploration program at Lemare comprised 16 diamond drill holes, totalling 1,788m of NQ core, drilled into the Lemare pegmatite along 8 lines spaced a nominal 50 m apart. In conjunction, a program of regional rock chip sampling was undertaken along the projected extension of the pegmatite beyond the bounding lake to the southwest (Figures 2 and 3). The drilling confirmed the presence of a high grade spodumene pegmatite that was initially identified by a series of channel samples. This pegmatite is seen to extend at least 300 m along strike and remains open to the NE and down dip. It is up to 20 m in true width and pinches and swells both along strike and down dip (Figures 4 and 5). The pegmatite is closed off to the SW where it approaches a lake. Several sub-parallel pegmatites were intersected by drilling. To date these have been generally low grade and only sporadically mineralised. Rock chip sampling along the projected extension of the pegmatite beyond the lake to the SW has identified a new zone of spodumene mineralisation over a 600 m strike length (Figure 2). This zone remains open to the SW.

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