ESS 0.00% 50.0¢ essential metals limited

MULTIPLE HIGH‐GRADE LITHIUM PEGMATITES INTERESECTED AT MAVIS...

  1. 1,489 Posts.
    lightbulb Created with Sketch. 228
    MULTIPLE HIGH‐GRADE LITHIUM PEGMATITES INTERESECTED AT MAVIS LAKE LITHIUM PROJECT
    Perth, Western Australia: 11 April, 2017:
    Pioneer Resources Limited (the "Company" or “Pioneer”) (ASX: PIO), in conjunction with its strategic partner International Lithium Corp. (“ILC”) (TSX Venture: ILC.V), is pleased to announce the lithium analytical results from its recently completed maiden drill programme at the Mavis Lake Lithium Project in the province of Ontario, Canada.
    The programme comprised 12 oriented diamond core drill holes for a total of 1,305m across three targets (Figure 4), and was successful in intersecting multiple high‐grade pegmatite lenses at the Fairservice (PEG006) Target Area – which remain open in all directions, and will be a focus for drilling going forward. Key Intersections at the Fairservice (PEG006) Target Area included:
    • MF17‐39: 17.90m at 1.47% Li2O from 80.00m;
    • MF17‐40: 12.85m at 1.16% Li2O from 80.05m; • MF17‐49:
    26.30m at 1.70% Li2O from 111.9m including 7.70m at 2.97% Li2O from 130.5m; and
    • MF17‐50: 16.55m at 1.45% Li2O from 74.55m and 23.10m at 1.36% Li2O from 122.00m.

    A programme of step‐out drilling to further test these well spodumene‐mineralised pegmatite lenses is being planned ahead of the summer drilling season. DRILLING PROGRAMME Drilling commenced on February 4 and was completed on March 2, 2017. The programme by target comprised:
    • 4 holes for 698m at the Fairservice (PEG006) Prospect;
    • 1 hole for 68m at PEG006.5; and
    • 7 holes for 539m at PEG018. FAIRSERVICE (PEG006) TARGET AREA

    Drilling completed in 2011 by ILC included the stand‐out hole MF‐11‐12, which intersected two intervals of well‐mineralised, spodumene‐bearing, pegmatite, returning 16m at 1.53% Li2O from 125m and a further 26.25m at 1.55% Li2O from 152m down hole (approximately 100m vertically below surface). The 2017 drilling has confirmed the presence of multiple, well mineralised spodumene‐bearing pegmatite lenses. The four step‐out holes completed were designed to test the orientation of mineralisation intersected in MF‐11‐12. All four holes intersected spodumene‐bearing pegmatites of significant thickness, with evident continuity with mineralisation in drill holes MF‐11‐12 and MF‐12‐24 from the 2011 and 2012 ILC drilling programmes.
    Last edited by RiC088: 11/04/17
 
watchlist Created with Sketch. Add ESS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.