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Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium | |
| Date: | 10/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2016: Prospect Resources Ltd. announces an Exploration/Drilling Update report for its Arcadia deposit at the Arcadia project. Drilling results incl. 35m @ 1.06% Li2O from 15m. Prospect Resources Ltd (ASX: PSC) (Prospect, the Company) is pleased to r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Tyler (Internal) | |
| ABSTRACT: | Prospect Resources Ltd (ASX: PSC) (Prospect, the Company) is pleased to report assay results of up to 8.85% Li2O from RC drill holes at the Company’s Arcadia high grade lithium project. Prospect now has assay results from 20 diamond drill holes and 32 RC drill holes all of which will be included in the Company’s maiden JORC reportable Mineral Resource planned for release by the end of October 2016. A summary of all holes is attached. Cross sections and 3D images of the above results are below. Drilling to date has covered approx. 20% of the Company’s Mining Licence area. The drilled strike of the 14 horizontally stacked pegmatites extends more than 1.7km SW-NE and some 700m down dip to NW and is open along strike and down dip. The Company’s ground position now covers more than 600 hectares of mining licences. (See Claims Map below). | |
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