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Premier African Minerals Ltd.
Summary
| Project: | Zulu | |
|---|---|---|
| Deposit: | Zulu | |
| Location: | Zimbabwe | |
| Commodities: | Lithium-Tantalum | |
| Date: | 2/20/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-2-2017: Premier African Minerals Ltd. announces an Exploration/Drilling Update report for its Zulu deposit at the Zulu project. Drilling results incl. 15.63m @ 1.54% Li2O from 25.14m. Premier African Minerals Limited (AIM: PREM), the London quoted mini | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wolfgang Hampel (Internal) | |
| ABSTRACT: | Premier African Minerals Limited (AIM: PREM), the London quoted mining exploration and production company, is pleased to report further assay results from shallow drilling from its high grade Zulu Lithium and Tantalum Project ("Zulu"). The drilling programme was designed to drill test for the extensive lithium mineralisation over the known 3.5 km strike length of this deposit. Premier also advises that it has immediately commenced a new drilling programme at Zulu with the rig currently on site. This new programme is designed to further increase the ultimate size of Zulu as much as our level of confidence and further define the ore body. George Roach, Premier's CEO, commented: "We continue to be highly encouraged by the grades in these recently received assays. The Company is expecting to receive a lot of final assays over the coming weeks and we are also looking forward to understanding the ultimate potential of the tantalum at Zulu and publishing Zulu's maiden resource statement. At the same time, the previously unreported mineralisation evident extensively in host rocks has the potential to substantially increase the overall tonnages at Zulu. Assays conducted on host rock return values of up to 0.9% Li₂O."We have also elected to retain the drillers on site and, as a direct result of these excellent lithium intersections, to immediately re-commence drilling to increase the level of confidence and further define the ore body as we develop a maiden resource statement. "Frustrating as the delays in getting assay results back from the laboratories may be, we will continue to publish significant results as they become available and those results will form the basis of our maiden resource statement." | |
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