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Premier African Minerals Ltd.
Summary
| Project: | Zulu | |
|---|---|---|
| Deposit: | Main Zone | |
| Location: | Zimbabwe | |
| Commodities: | Lithium | |
| Date: | 12/12/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Premier African Minerals Ltd. announces an Exploration/Drilling Update report for its Main Zone deposit at the Zulu project. Drilling results incl. 11.47m @ 1.90% Li2O% from 126.77m. Premier African Minerals Limited ("Premier" or the "Company" | |
| Resources: | (Resource, Inf.): 20.1Mt @ 1.06% Li2O at Zulu | |
| CP/QP: | [Overall Report]: Wolfgang Hampel (Internal) | |
| ABSTRACT: | Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce further assay results from the Company's Zulu Lithium Project near Fort Rixon in Zimbabwe ("Zulu"). The focus of the current drilling programme is to upgrade and expand the Resources in the Main Zone, where the Company has declared a Maiden Mineral Resource Estimate of 20.1 million tonnes grading 1.06% Li₂O, and to convert the exploration targets in both the Main Zone and step-out zones to code compliant status. George Roach, Premier's CEO, commented: "The mineralisation and assay results from this hole are spectacular. Not often is a grade of 4.24% Li2O seen in drill core. Together with other known results previously reported, this supports our declared exploration target of 60 to 80 million tonne in the step-out zone. With true widths at approximately two thirds of the drilled width, Zulu is now justifying our belief that this is a tier 1 asset. Results such as these strongly underwrite our recently released scoping study and fully support our confidence in this world-class deposit. At the same time, we are encouraged by the changing environment in Zimbabwe, particularly that under new proposals related to Lithium mining, we will be encouraged to develop to Lithium Carbonate production and may retain sole ownership of the entire project." | |
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