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Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium | |
| Date: | 10/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2016: Prospect Resources Ltd. announces an Exploration/Drilling Update report for its Arcadia deposit at the Arcadia project. Drilling results incl. 32m @ 1% Li2O from 33m. Prospect Resources Ltd (ASX: PSC) (Prospect, the Company) is pleased to repor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Tyler (Internal) | |
| ABSTRACT: | Prospect Resources Ltd (ASX: PSC) (Prospect, the Company) is pleased to report assay results from 4 more RC drill holes at the Company’s Arcadia high grade lithium project. Assays from 9 RC drill holes have been received with results from another 23 RC holes pending. Drilling to date has covered approx. 12% of the Company’s exploration area. The drilled strike of the 14 horizontally stacked pegmatites extends more than 1km SW-NE and some 400m 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. The Company intends to release its first JORC reportable Mineral Resource before the end of October 2016. | |
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