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WCP Resources Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2017: WCP Resources Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 10.43m @ 1.54% Li2O from 31.95m. WCP Resources Limited (“WCP” or “Company”) (ASX: WCP) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Not stated) | |
| ABSTRACT: | WCP Resources Limited (“WCP” or “Company”) (ASX: WCP) is pleased to announce that high grade mineralisation has been confirmed in the final seven drill holes completed in its maiden Phase 1 drilling program at the Piedmont Lithium Project (“Project”). The Project is located in the world class Carolina Tin-Spodumene Belt (“TSB”), a historic lithium producing district in North Carolina, United States. The TSB is host to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between 1950 and 1998 and are along strike, to the southwest, 6 kilometres and 12 kilometres respectively from the Project. Commenting on the results of the Phase 1 drill program Executive Director, Anastasios Arima, said “The drilling done to date within the Project area has been exceptional in yielding lithium mineralization in each of the 31 holes drilled, which are also consistent with the Project’s geological setting along strike from two of the largest historic lithium mines which were in production and their ores processed into lithium end products for over 40 years. These results provide critical new data for planning of the much larger Phase 2 drilling program, which will now focus on the four major high grade corridors of mineralisation we have been able to identify. We are now well funded and very well placed for an exciting second half of the year, with substantial news flow from a number of key exploration and development activities over the coming months”. | |
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