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Premier African Minerals Ltd.
Summary
| Project: | Zulu | |
|---|---|---|
| Deposit: | Zulu | |
| Location: | Zimbabwe | |
| Commodities: | Lithium-Tantalum | |
| Date: | 6/6/2017 | |
| Report Code: | SAMREC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2017: Premier African Minerals Ltd. announces a Resource Estimation report for its Zulu deposit at the Zulu project. Initial resource estimate for Zulu + exploration target. Premier African Minerals Limited, the AIM-traded, multi-commodity resource an | |
| Resources: | (Resource, Inf.): 20.1Mt @ 1.06 Li2O, 51pp, Ta2O5 for 526kt LCE and 1025t Ta2O5 | |
| CP/QP: | [Resources]: Gerard Evans, Wolfgang Hempel (Internal) | |
| ABSTRACT: | Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, is pleased to report its maiden SAMREC compliant Mineral Resource Estimate ("MRE") on its wholly-owned Zulu Lithium and Tantalum project ("Zulu") in Zimbabwe, a country with a long-established history of lithium production. George Roach, Chairman and CEO commented: "We are extremely pleased with this initial maiden resource estimate, which reinforces our belief that Zulu is a very significant new lithium deposit with all the hallmarks of a world-class lithium project. The maiden inferred mineral resource estimate is based on our initial 2,511m exploration drilling programme which was focussed on only 1,200m of the southern part of the known 3.5km strike length of the project. The drilling programme confirms that the deposit remains open at depth and on strike. "We commenced an extended drilling programme focussed on infill drilling in the southern part of the deposit as well as step out drilling of various areas along the 3.5km known strike length, which we believe to host further substantial lithium mineralisation. To date, the results have been very good and we are looking forward to delivering further additions to our resource inventory in the coming months and laying the foundations for a substantial, long-life strategic metal business." | |
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