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Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium | |
| Date: | 8/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-8-2016: Prospect Resources Ltd. announces an Exploration/Drilling Update report for its Arcadia deposit at the Arcadia project. Drilling results incl. 9.98m @ 1.46% Li2O from 22.10m. Prospect Resources Ltd (ASX: PSC) (Prospect or the Company) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Tyler (Internal) | |
| ABSTRACT: | Prospect Resources Ltd (ASX: PSC) (Prospect or the Company) is pleased to report high grade assay results from its first 5 diamond drill holes ACD001 – 005. Drilling to date has covered approx. 15% of the Company’s Mining Licence area. The drilled strike of the stacked pegmatites now extends more than 1km SW-NE and some 300m down dip to NW. The Company’s ground position now covers more than 500 hectares of granted Mining Licences. Results for diamond drill holes ACD006 – ACD016 and RC drill holes ACR001 – 032 are awaited. The above results are generated from 138 results received from 6 batches covering 5 diamond drill holes. Peak Assay value of 3.99% Li2O. | |
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