Press Release by Jadar Lithium on Initial Reconnaissance Sampling on the Eastern Alps Lithium Satellite Projects of Austria and Serbian Update
(firmenpresse) -
Press Release by Jadar Lithium on Initial Reconnaissance Sampling on the Eastern Alps Lithium Satellite Projects of Austria and Serbian Update
Highlights
- High-grade lithium assays of up to 3.88% Li2O turned from initial rock chip samples taken during Jadar Lithiums initial field activities at the newlyacquired lithium projects in Austria.
- Project is located at the Eastern Alps close to European Lithiums Wolfsberg Project which comprise the JORC compliant 10.98MT (at) 1.00% Li2O.
- These early stage results provide strong indications that the highgrade lithium mineralization within the Eastern Alps is similar to that seen at the Wolfsberg Project owned by European Lithium.
- Follow up sampling program targets extension of spodumene bearing pegmatite swarms along strike.
March 14, 2019 - Luke Martino, Non-Executive Chairman of the Board said The results from the initial rock chip sampling of pegmatite satellite projects in Austria were extremely encouraging, clearly demonstrating the potential for the projects to host very highgrade lithium mineralization in the area surrounding European Lithiums Wolfsberg deposit. While this in no way diminishes the potential of the Weinebene project which is still the main focus of our upcoming exploration efforts - the grade and potential of new lithium discovery is something we simply cannot ignore. Initial sampling has confirmed that this is a very large and potentially transformational exploration opportunity for the Company, he said.
Jadar Lithium Limited (ASX: JDR) (Jadar Lithium or the Company) has received the assays results of the initial reconnaissance rock chips sampling program which was recently completed on its 80% owned Austrian satellite lithium exploration projects located in South and South Eastern Austria. These assay results are in respect of satellite lithium exploration projects consisting of 75 exploration permits Freischurf (39 permits acquired from Exchange Minerals as reported on 4 February 2019 and an additional 36 permits acquired directly from the Ministry), which together cover a total area of 36.63 km2 issued by Federal Ministry for Sustainability and Tourism of Austria (Figure 1 - 7).
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Figure 1 - 7. License status maps showing sampling location with lithium grades (Overview map shown in Figure 8 below)
Geology
The lithium deposits of the type being explored in Austria are typically found in the form of spodumene - bearing pegmatite vein type deposits hosted by Paleozoic metamorphic formations predominantly mica schist, amphibolite and marbles. There is no evidence that pegmatites occurred in the Eastern Alps are related to granite plutons and it is believed that pegmatites are formed as a result of crustal melting (anatexis) chemistry and that lithium enriched fluids are formed during high-grade regional metamorphism (higher amphibolite to lower eclogite facies). Spodumene mineralization occurs in the form of a fine to coarse-grained mineralization associated with quartz, feldspar and muscovite. There has also been no previous lithium exploration on outcroping pegmatite; however, initial reconnaissance rock chips sampling has recorded lithium high-grade multiple spodumene bearing pegmatites.
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Figure 8. Regional location map showing sampling location with highest lithium grades
Rock sampling
The Company initiated the technical due diligence program by initial reconnaissance rock sampling within the eastern Alps, with the objective of determining the spodumene bearing pegmatites and their grades.
The Companys technical consultants collected 70 rock chips samples from numerous outcropping pegmatites. Initial pegmatite outcrops sampling results returned high-grade Li2O values with the highest value returning 3.88% Li2O and the average value over the 70 samples being 1.54% Li2O.
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Figure 9 - Field samples with large spodumene crystals (up to 10 cm) embedded int qtz-feldspar matrix. Figure left sample 75065 2.91% Li20, Figure right sample 75091 2.06% Li2O.
Planned work
Due to the initial and encouraging assays results returned with high-grade Li2O values, the Company plans to conduct detail mapping and soil sampling to define trenching and drilling targets for 2019.
Serbian Projects Update
Jadar Lithium has reviewed all data from the Serbian projects held by the Company. It has become apparent that in order to focus the Companys resources, Krajkovac and Bukulja will be relinquished (totaling approximately 70km2) in accordance with local mining laws. The remaining projects in Serbia are Cer, Rekovac and Vranje-South (totaling approximately 259km2) where further sampling will be carried out.
ENDS
Further Enquiries
Luke Martino
Non-Executive Chairman
Tel: +61 8 6489 0600
E: luke(at)jadarlithium.com.au
Competent Person Statement
The information in this release that relates to Exploration Results is based on information prepared by Dr Thomas Unterweissacher, EurGeol, MAusIMM. Dr Unterweissacher is a licensed Professional Geoscientist registered with European Federation of Geologists and based in Hochfilzen, Austria and The Australasian Institute of Mining and Metallurgy European Federation of Geologists and The Australasian Institute of Mining and Metallurgy are a Joint Ore Reserves Committee (JORC) Code Recognized Professional Organization (RPO). An RPO is an accredited organization to which the Competent Person (CP) under JORC Code Reporting Standards must belong in order to report Exploration Results, Mineral Resources, or Ore Reserves through the ASX. Dr Unterweissacher has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which they are undertaking to qualify as a CP as defined in the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Unterweissacher consents to the inclusion in the release of the matters based on their information in the form and context in which it appears. Dr Unterweissacher is a consultant to the Company and holds shares in Jadar Lithium Limited.
Disclaimer
Certain statements included in this release constitute forward looking information. This information is based upon a number of estimates and assumptions made on a reasonable basis by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Whilst the Company considers all the material assumptions to be based on reasonable grounds, there is no certainty that they will prove correct or that the outcomes indicated in the announcement will be achieved.
Forward-looking statements are statements that are not historical facts. Words such as expect(s), feel(s), believe(s), will, may, anticipate(s), potential(s)and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration programs and results. Many factors could cause the Companys actual results to differ materially from those expressed or implied in any forward-looking information provided by, or on behalf of, the Company. Such factors include, among other things, risks relating to lithium and other commodity prices and currency fluctuations; exploration risks; risks relating to the interpretation of exploration, sampling, drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, development risks, operating risks; competition; time delays, regulatory restrictions; environmental harm and liability and additional funding requirements. Further, despite the Company having attempted to identify all material factors that may cause actual results to differ, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this release (or as otherwise specified) and except as required by applicable law the Company does not undertake any obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise
Table 1. Rock Chips Samples - Batch No LR18301080
Sample N WGS84E WGS84%Li %Li2O Project Area
ID (calculated
)
75013 46.781913.56001.59 3.42 Millstätter
7 1
75014 46.781413.56030.005 0.01 Millstätter
2 3
75015 46.781713.56000.956 2.06 Millstätter
8 6
75016 0.204 0.44 Standard GBW07152
75017 47.329414.23660.675 1.45 Hohenwart peak
1 3
75018 47.329414.23660.228 0.49 Hohenwart peak
1 3
75019 47.329414.23660.391 0.84 Hohenwart peak
1 3
75020 47.328514.23640.932 2.01 Hohenwart southern
9 3 slope
75021 47.328514.23640.58 1.25 Hohenwart southern
9 3 slope
75022 47.328514.23610.506 1.09 Hohenwart southern
6 1 slope
75023 47.331714.24991.015 2.19 Untere Mittagwand
5
75024 47.331714.24991.28 2.76 Untere Mittagwand
5
75025 1.045 2.25 Standard GBW07153
75026 47.334314.23880.128 0.28 Hohenwart northern
8 2 slope
east
75027 47.333214.23701.595 3.43 Hohenwart northern
4 1 slope
west
75028 47.333214.23690.619 1.33 Hohenwart northern
2 1 slope
west
75029 47.331014.23260.914 1.97 Hohenwart northern
9 5 slope
Eiskar
75030 <0.005 <0.01 Blank
75031 47.331314.23270.723 1.56 Hohenwart northern
6 7 slope
Eiskar
75032 47.332714.24031.13 2.43 Hohenwart northern
5 8 slope
east
75033 47.332714.24030.679 1.46 Hohenwart northern
5 8 slope
east
75034 47.233515.20300.534 1.15 Mitterberg east
4 4
75035 0.558 1.20 Crush stage
duplicate of
75034
75036 47.233515.20301.165 2.51 Mitterberg east
4 4
75037 47.233515.20300.421 0.91 Mitterberg east
4 4
75038 47.233415.20260.626 1.35 Mitterberg west
8 8
75039 47.233415.20260.598 1.29 Mitterberg west
8 8
75040 47.233415.20261.43 3.08 Mitterberg west
8 8
75041 47.217315.53460.627 1.35 Garrach
6 5
75042 47.217315.53460.726 1.56 Garrach
6 5
75043 47.217315.53460.408 0.88 Garrach
7 9
75044 47.217315.53460.805 1.73 Garrach
7 9
75045 47.217315.53461.8 3.88 Garrach
7 9
75046 47.217515.53470.668 1.44 Garrach
75047 47.217515.53470.448 0.96 Garrach
75048 47.217515.53470.373 0.80 Garrach
75049 47.190514.62290.988 2.13 Falkenberg
75050 1.045 2.25 Standard GBW07153
75051 47.190514.62291.295 2.79 Falkenberg
75052 47.190514.62291.07 2.30 Falkenberg
75053 47.190514.62290.753 1.62 Falkenberg
75054 47.190514.62291.11 2.39 Falkenberg
75055 <0.005 <0.01 Blank
75056 47.190414.62290.953 2.05 Falkenberg
7 7
75057 47.282714.36220.357 0.77 Pallbaueralm
5 2
75058 47.282714.36220.078 0.17 Pallbaueralm
5 2
75059 47.282714.36210.779 1.68 Pallbaueralm
1 9
75060 0.775 1.67 Pulp stage
duplicate of
75059
75061 47.267214.35500.98 2.11 Mittereck
2 6
75062 47.267314.35490.326 0.70 Mittereck
3 8
75063 47.267214.35480.465 1.00 Mittereck
6 6
75064 47.267214.35500.93 2.00 Mittereck
2 6
75065 47.268814.35731.35 2.91 Zinkenschlucht north
1 2
75066 47.268914.35730.245 0.53 Zinkenschlucht north
5
75067 47.268614.35760.43 0.93 Zinkenschlucht south
1 5
75068 46.782013.56000.005 0.01 Lug-ins-Land
6 1
75069 46.781813.56010.552 1.19 Lug-ins-Land
1 6
75070 46.781813.56011.01 2.17 Lug-ins-Land
1 6
75071 46.781813.56010.586 1.26 Lug-ins-Land
1 6
75072 46.782013.55990.798 1.72 Lug-ins-Land
6 6
75073 46.787513.53920.792 1.71 Kreuzstein
5 1
75074 46.787513.53920.669 1.44 Kreuzstein
5 1
75075 0.21 0.45 Standard GBW07152
75076 46.787513.53920.328 0.71 Kreuzstein
5 1
75077 46.787513.53921.12 2.41 Kreuzstein
5 1
75078 46.787513.53920.011 0.02 Kreuzstein
5 1
75079 46.787513.53920.022 0.05 Kreuzstein
5 1
75080 <0.005 <0.01 Blank
75081 46.787513.53910.238 0.51 Kreuzstein
1 8
75082 46.787013.53790.02 0.04 Kreuzstein
9 1
75083 46.940812.53241.215 2.62 Glanzalm east
5 1
75084 46.940812.53240.448 0.96 Glanzalm east
5 1
75085 0.452 0.97 Crush stage
duplicate of
75084
75086 46.940812.53240.709 1.53 Glanzalm east
5 1
75087 46.940812.53241.085 2.34 Glanzalm east
5 1
75088 46.940812.53241.545 3.33 Glanzalm east
5 1
75089 46.940912.53230.611 1.32 Glanzalm east
1 3
75090 46.941012.52950.656 1.41 Glanzalm west
4 2
75091 46.940912.52960.955 2.06 Glanzalm west
2 7
75092 46.929212.54410.727 1.57 Ratzell
2
75093 46.921612.57880.006 0.01 Poling
2
75094 46.921612.57880.005 0.01 Poling
2
75095 46.921812.57950.582 1.25 Poling
5 9
JORC Table 1. This table applies to the Austrian lithium satellite project work program
CRITERIA COMMENTARY
Sampling Sampling procedure which the Company
techniques followed for Rock
sampling:
· Once the sample location has been
determined, its location is defined
and recorded by using a hand held
GPS
(Garmin Map Cx)
· At least 2 Kg of sampling material
is
collected
from each sampling point, ensuring
that the sample is representative of
the outcrop being
sampled
· The sample is placed into the
sampling
bag, which is labeled according to
the attributed sample
number.
· All relevant information with
regard to the outcrop was
recorded
in to exces spreadsheet including
coordinates, location, visible
minerals, estimated spodumene
content
.
Dr Thomas Unterweissacher, EurGeol,
MAusIMM
is the Competent Person, as far as
this announcement (and this JORC
Table 1) is
concerned.
Dr Thomas Unterweissacher judges th
at
rock sample results to be
sufficiently reliable
for the purpose of defining grades
but not size of pegmatite
itself
. The results will only be used to
guide the initial phases of Jadars
work, and do not form part of any
resource estimate.
Drilling Not Applicable
techniques
Drill sample Not Applicable
recovery
Logging Not Applicable
Sub-sampling Not Applicable
techniques and
sample
preparation
Quality of assay The rock chips samples were submitted
data and to the ALS laboratory
laboratory
tests ALS Geochemistry in Loughrea, Ireland
(ISO 17025 accredited) for analysis:
All samples were
analyzed for lithium by LIOG63 - four
acid digestion and analyzed by ICP.
Assurance and data quality control
were managed mainly through the
insert
of:
· Certified Reference Material (Standa
rds)
· Crush and pulp duplicates
· Blank samples
Duplicates, standards and blanks were
introduced every
2
0 samples.
The results of the QAQC samples indica
te
that the analysis has been done in ac
cordance
and up to JORC standards.
Jadars CP is confident that the
analytical and assay techniques and
QA/QC protocols implemented by the
ALS laboratory were appropriate and
adequate
for this stage and the purposes of
defining
zones of interest in the area. These
sample media and techniques and
assays were not part of a resource
estimate.
Verification of No drilling or mineralization
sampling and reported here.
assaying
No drilling or twinning of holes
reported here.
No adjustments were made to the assay
data.
Location of data Grid System: WGS84
points Rock sampling locations were
determined by a hand-held
GP
S. Topographic accuracy is estimated
to be within
5-10 meters. Topographic control is
not considered relevant, as it does
not relate to Mineral
Resources
.
Data spacing and The sample are reconnaissance in
distribution nature and so sample spacing is very
variable.
-
The data is not suitable for use in a
mineral resource estimate and is not
intended for such
use
Orientation of The sample are reconnaissance in
data in nature and cover different
relation to
geological locations, so any biasing effect
structure caused by orientation is yet to be
determined
Sample Throughout the sampling program, all
security prescribed sample handling protocols
were adhered to. The sample handling
protocols
included;
· The digital sample submission form
was prepared
prior dispatching samples to ALS
Laboratory. Sample submission form
contains information regarding the
number of samples and their IDs,
desired analytical method, details
about the shipment - courier name,
reference number, and the
responsible persons in front of ALS
and sender. Filled and signed sample
submittal form was sent by email.
· The CP assumes that all ALS
internal sample handling procedures
were adhered
to.
The CP judges that the sample
handling protocols which were
implemented throughout the program
were sufficient to maintain sample
integrity.
Audits or No audits have been carried out at
reviews this
point.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
Mineral tenement · Transfer agreement between Jadar
and land tenure Lithium Ltd & Exchange Minerals Ltd
status from 29/01/2019
(99 licenses) valid until 31.12.2020
· BMNT-67.050/0036-VI/10/2019 (19
licenses)
valid until 31.12.2023
· BMNT-66.050/0006-VI/9/2019 (17
licenses) valid
31.12.2023
·
All licenses mentioned in this
release are held 100% by
Subsidiary Jadar Lithium GmbH which
is 80% owned by Jadar Lithium
Limited.
Exploration done · There has also been no previous
by other lithium
parties exploration
Geology · The lithium deposits of the type
being explored for here in Austria
are typically found in form of
spodumene - bearing pegmatite vein
type deposits hosted by Paleozoic
metamorphic formations predominantly
mica schist, amphibolite and
marbles.
Drill hole · Not relevant as no drilling is
Information being reported in this
announcement
Data aggregation · No data aggregation methods were
methods used in this
announcement
· Li assays were converted to Li2O
for reporting using a conversion of
Li2O% = Li% *
2.153
Relationship · No drilling intercepts are reported
between here.
mineralisation
widths and
intercept
lengths
Diagrams · No drilling results are presented
in this
announcement.
Balanced reporting· The reporting here covers the area
of the companys current focus.
Further data analysis and
interpretation may result in the
definition of new
targets
Other substantive · No information available on
exploration metallurgy, ground water, bulk
data density or rock stability.
· Integration and interpretation of
the various data sets are
on-going
Further work · Detail mapping and systematic sampli
ng
to defining pegmatite continuity.
· Soil sampling to define areas for
future trenching and drill
target.
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Datum: 14.03.2019 - 07:53 Uhr
Sprache: Deutsch
News-ID 589595
Anzahl Zeichen: 30511
contact information:
Town:
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Kategorie:
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