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Quantum Resources Ltd.
Summary
| Project: | Thompson Bros | |
|---|---|---|
| Deposit: | Thompson Bros | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 9/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2017: Quantum Resources Ltd. announces an Exploration/Drilling Update report for its Thompson Bros deposit at the Thompson Bros project. Drilling results incl. 21.08m @ 1.74% Li2O from 160.42m. Quantum Resources Limited (ASX: “QUR” or “the Company”) i | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Olaf Frederickson (Internal) | |
| ABSTRACT: | Quantum Resources Limited (ASX: “QUR” or “the Company”) is pleased to provide the following Exploration Update in relation to its Thompson Bros Lithium Project (“the Project”) in Manitoba, Canada. The first six drill holes were completed at the Thompson Bros Lithium Project in Manitoba. Five of the holes encountered significant intervals of spodumene (lithium bearing mineral) mineralisation at downhole widths that are in line with or exceed those encountered from historical drill programs. The sixth hole was suspended before hitting mineralisation due to the early winter thaw requiring the drill rig to pulled out whilst the winter roads were still accessible. The Company is very encouraged by the results from the first 5 holes together with the feedback from Mr Frederickson upon returning from the site. There are currently fire risks in the area due to the lack of rainfall so far this summer which is restricting the Company from recommencing its drilling program. QUR is eager to continue the drilling program, as well as some additional mapping and field exploration within the current summer season (this current calendar year) pending relaxation of potential bushfire conditions and availability of a suitable drill rig and operators. In the meantime, the Company will use the dozer that is currently on site to finish clearing for access and drill site preparation (pending fire restrictions). | |
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