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Plymouth Minerals Ltd.
Summary
| Project: | San Jose | |
|---|---|---|
| Deposit: | San Jose | |
| Location: | Spain | |
| Commodities: | Lithium-Tin | |
| Date: | 9/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2017: Plymouth Minerals Ltd. announces an Exploration/Drilling Update report for its San Jose deposit at the San Jose project. Drilling results incl. 192m @ 1.01% Li2O from 83m. Plymouth Minerals Limited (ASX: PLH) (Plymouth or the Company) is pleased | |
| Resources: | (Resource, I+I): 92.3Mt @ 0.27% Li, 0.02% Sn at project | |
| CP/QP: | [Overall Report]: Adrian Byass (Internal) | |
| ABSTRACT: | Plymouth Minerals Limited (ASX: PLH) (Plymouth or the Company) is pleased to announce results from Phase 2 drilling program at the San Jose Project. Two holes were drilled to test extensions of mineralisation identified in Phase 1 drilling. This was complimented with surface (trench) sampling. Results from surface sampling and the two diamond drillholes are extremely encouraging and are shown below in Figure 1. Lithium mineralisation at San Jose is hosted in mica minerals. San Jose is a unique deposit due to its extensive strike, width and surface outcrop that makes it highly amenable to bulk open-pit style mining methods. The Phase 2 drilling program complements the previous drilling campaign, completed in the first quarter of 2107 and has delivered further extensive intercepts of lithium mineralisation including 192m at +1.0% Li2O confirming that the deposit remains open at depth. Diamond hole MSJ-DD-0012 is the deepest hole drilled in the deposit to date ending in +1.0% Li2O at 420m vertically below the surface. The new drilling data will increase the overall Inferred Resources as the Company has successfully extended mineralisation at depth in both holes as shown in Figure 1. As a result of the additional data the Company will be able to increase the confidence of the existing Inferred Resources which will allow a part of the Inferred Resources to be converted to Indicated Resource Category. A new resource statement will be published when complete. | |
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