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WCP Resources Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 4/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2017: WCP Resources Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 28.9m @ 0.94% Li2O from 35.2m. WCP Resources Limited (“WCP” or “Company”) (ASX: WCP) is pleased to announ | |
| 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 results from the first 5 drill holes completed in its maiden Phase 1 drilling program at the Piedmont Lithium Project (“Project”). The Project is located in the Carolina Tin-Spodumene Belt (“TSB”), a historic lithium producing district in North Carolina, United States. The Company is extremely encouraged by the overall results and looks forward to receiving the remaining results of the Phase 1 drill program and the commencement of the Phase 2 drill program. Furthermore, the Company is confident in the ability to define a high grade, domestic source of lithium which will showcase the potential for the Project to become a leading U.S. based developer of lithium raw material supply into the growing US domestic Electric Vehicle and Battery Storage markets. The Phase 1 program consisting of 12 diamond core drill holes, totalling 1,662 meters, has now been completed and all core has been processed, sampled and shipped for assaying. The results from the first 5 holes are reported in this announcement. Results for the remaining 7 holes will be released by the Company over the coming weeks. Significant, high grade intersections were seen in all 5 drill holes reported in this announcement, with grades as high as 1.90% over 5 meters. Please refer to Appendix 1 for the full results of the first 5 drill holes. | |
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