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Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium | |
| Date: | 9/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-9-2016: Prospect Resources Ltd. announces an Exploration/Drilling Update report for its Arcadia deposit at the Arcadia project. Drilling results incl. 19m @ 1.597% Li2O from 43m. 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 that an approximate 300m length outcrop of lithium bearing pegmatite has been discovered within the Arcadia High Grade Lithium Project area. This discovery is some 1.5km down dip from the known strike. Additional RC rigs are being mobilised to target this outcrop and the wider claims area. Drilling to date has covered approx. 12% of the Company’s exploration area. The drilled strike of the 14 stacked pegmatites extends more than 1km SW-NE and some 400m down dip to NW. An approximate 500m spaced scout drilling programme is being prepared to determine the overall size of this large scale lithium bearing pegmatite system - Arcadia High Grade Lithium Project. Prospect intends to fast track the drilling of this new discovery as part of the wide spaced scout programme. This drill programme is expected to cover some 500 hectares of the claims area. RC drill rigs are scheduled to return to site in early October to carry out further resources definition holes. This programme is expected to aid in the siting for the processing plant, camp accommodation and ancillary equipment. | |
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