Piedmont Lithium Limited: Best-Ever Drill Intercepts at Piedmont Lithium Project
(firmenpresse) - Piedmont Lithium Limited: Best-Ever Drill Intercepts at Piedmont Lithium Project
- Drill results continue to showcase the outstanding potential of the lithium-rich, low-cost Carolina Tin-Spodumene Belt in North Carolina, USA
- Drill intercepts from 4 Central property holes returned outstanding grade:
- 43.2m (at) 1.73% Li2O in Hole 19-CT-014
- 14.1m (at) 1.63% Li2O in Hole 19-CT-013
- 28.1m (at) 1.35% Li2O in Hole 19-CT-015
- Drill intercepts from 19 Core property holes delivered strong results consistent with historical drilling
- Phase 4 drilling continues with 3 drill rigs active on the Core property and a total of 57 holes completed to-date with assay results pending for 34 holes
- Piedmont expects to release a maiden Mineral Resource estimate for Central by April 2019
- Piedmont expects to release an updated Mineral Resource estimate for Core by June 2019
- High confidence in significantly enhancing the Projects mine life post Mineral Resource updates
Piedmont Lithium Limited (Piedmont or Company) is pleased to announce Phase 4 drill results for 23 drill holes (refer Appendix 1) completed on the Piedmont Lithium Project (Project) located within the world-class Carolina Tin-Spodumene Belt (TSB) in North Carolina, USA. The high-grade results are from the recently discovered pegmatites on the Central property and Exploration Target areas on the Core property (Figure 1). High-grade mineralization was encountered in all 23 holes drilled.
Positive drill results from the Central property continue including the thickest high-grade intercept reported on the Project to-date, 43.2m (at) 1.73% Li2O, encountered in hole 19-CT-014. The Company now expects to publish a maiden Mineral Resource estimate for the Central property by April 2019.
Phase 4 drilling continues on the Core property with the principal aim to significantly expand the 13-year project life reported in the Companys Scoping Study announced in September 2018. Further updates to the Projects existing Mineral Resource of 16.2Mt (at) 1.12% Li2O are expected over the next several months.
Keith D. Phillips, President and Chief Executive Officer, commented: We are exceedingly happy with the early results from Phase 4 drilling. It is clear to us that the Core property will continue to grow in size, and the results from Central are potentially transformational for the Project. With a maiden resource for Central now planned for next month and an updated resource at Core expected in by June, we believe Piedmont will soon be positioned as one of the largest hard-rock lithium projects in North America, while enjoying all the benefits of our unique North Carolina, USA location.
For further information, contact:
Keith D. Phillips
President & CEO
T: +1 973 809 0505
E: kphillips(at)piedmontlithium.com
Anastasios (Taso) Arima
Executive Director
T: +1 347 899 1522
E: tarima(at)piedmontlithium.com
https://www.irw-press.at/prcom/images/messages/2019/46192/Piedmont_EN_PRcom.001.jpeg
Figure 1. Property Location Map
Central Property Drilling Discussion
Results from hole 19-CT-014 mark the discovery of a second, thick pegmatite dike on the property (43.2m (at) 1.73% Li2O). Within this intercept, a very high-grade interval was encountered which assayed 10.5m (at) 2.29% Li2O.
Hole 19-CT-015 is an undercut of 19-CT-014; these two holes were drilled from the same drill pad (Figure 3). The cross section shows a near vertical dip to the pegmatite (Figure 3). This fence was followed up along strike with holes 19-CT-016, 017 and 018 (assays pending). All three holes intercepted mineralized pegmatite which extends the strike length of the dike to 140 meters. The mineralization remains open in all directions.
Holes 19-CT-012 and 013 targeted the first dike discovered on the property. Specifically, hole 19-CT-013 tested the down dip extent of the high grades reported for hole 18-CT-004 (19.1m (at) 1.65% Li2O), and these results confirm down dip mineralization. Mineralization remains open in all directions.
https://www.irw-press.at/prcom/images/messages/2019/46192/Piedmont_EN_PRcom.002.jpeg
Figure 2. Central Drill Location Map
https://www.irw-press.at/prcom/images/messages/2019/46192/Piedmont_EN_PRcom.003.jpeg
Figure 3. Central Cross-Section
Core Property Drilling Discussion
The primary objective for the Phase 4 drilling program is to increase the size and mine life of the Core Resource. Other objectives are to complete selected infill drilling to maintain a ratio of indicated to inferred resource classification and to explore potential mineralized trends on newly acquired properties. These results begin to accomplish the Phase 4 drilling objectives. The company plans to release an updated scoping study during 2019 which will include some of these Phase 4 drilling data.
Mineralization was encountered in all 19 drill holes reported from the property. Importantly, eleven holes confirmed mineralization within the Exploration Target area (see paragraph below). Six holes are classified as infill drill holes and two holes are drilled on recently acquired property.
In June 2018, the Company reported an Exploration Target of 4.5 to 5.5 million tonnes at a grade of between 1.10% and 1.20% Li2O within the Core Property, outside of the existing Mineral Resource estimate (refer Figure 4). The potential quantity and grade of this Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
All the drilling reported was conducted on the southeastern side of the Resource Area with the majority occurring in Exploration Target Areas on the property. Drill results continue to identify moderately southeast dipping dikes and have confirmed a series of nearly horizontal dikes. Some of the best mineralization occurs in these horizontal dikes (Figure 5). A potential northwest trending fault has been interpreted along the eastern portion of the property. Mineralization occurs on both sides of the fault; therefore, mineralization is open to the southeast.
Infill drill holes continue to give confidence to the geologic model and increase the ratio of indicated to inferred resource classification.
https://www.irw-press.at/prcom/images/messages/2019/46192/Piedmont_EN_PRcom.004.jpeg
Figure 4. Core Property Drill Hole Location map
https://www.irw-press.at/prcom/images/messages/2019/46192/Piedmont_EN_PRcom.005.jpeg
Figure 5. Cross section for Core
About Piedmont Lithium
Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLL) holds a 100% interest in the Piedmont Lithium Project (Project) located within the world-class Carolina Tin-Spodumene Belt (TSB) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western worlds lithium between the 1950s and the 1980s. The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina. It is a premier location for development of an integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.
Forward Looking Statements
This announcement may include forward-looking statements. These forward-looking statements are based on Piedmonts expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources
The Projects Mineral Resource of 16.2Mt (at) 1.12% Li2O comprises Indicated Mineral Resources of 8.5Mt (at) 1.15% Li2O and Inferred Mineral Resources of 7.7Mt (at) 1.09% Li2O.
The information contained in this announcement has been prepared in accordance with the requirements of the securities laws in effect in Australia, which differ from the requirements of U.S. securities laws. The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are Australian terms defined in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). However, these terms are not defined in Industry Guide 7 ("SEC Industry Guide 7") under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and are normally not permitted to be used in reports and filings with the U.S. Securities and Exchange Commission (SEC). Accordingly, information contained herein that describes Piedmonts mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. U.S. investors are urged to consider closely the disclosure in Piedmonts Form 20-F, a copy of which may be obtained from Piedmont or from the EDGAR system on the SECs website at http://www.sec.gov/.
Competent Persons Statement
The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Lamont Leatherman, a Competent Person who is a Registered Member of the Society for Mining, Metallurgy and Exploration, a Recognized Professional Organization (RPO). Mr. Leatherman is a consultant to the Company. Mr. Leatherman has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Leatherman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this announcement that relates to Exploration Targets and Mineral Resources is extracted from the Companys ASX announcement dated June 14, 2018 which is available to view on the Companys website at www.piedmontlithium.com. The information in this announcement that relates to Metallurgical Testwork Results is extracted from the Companys ASX announcements dated September 4, 2018 and July 17, 2018 which are available to view on the Companys website at www.piedmontlithium.com. The information in this announcement that relates to Process Design, Process Plant Capital Costs, and Process Plant Operating Costs is extracted from the Companys ASX announcements dated September 13, 2018 and July 19, 2018 which are available to view on the Companys website at www.piedmontlithium.com. The information in this announcement that relates to Mining Engineering and Mine Schedule is extracted from the Companys ASX announcements dated September 13, 2018 and July 19, 2018 which are available to view on the Companys website at www.piedmontlithium.com.
Piedmont confirms that: a) it is not aware of any new information or data that materially affects the information included in the original ASX announcements; b) all material assumptions and technical parameters underpinning Mineral Resources, Exploration Targets, Production Targets, and related forecast financial information derived from Production Targets included in the original ASX announcements continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons findings are presented in this report have not been materially modified from the original ASX announcements.
Appendix 1- Drill Core Assay Data
Hole EastinNorthiElev.Az.Dip Dept From To InterLi2
ID g ng (m) (o)(o) h (m) (m) cept O
(m) (m) (%)
19-CT473141391335286.1309-54.195 90.56 93.53.02 0.6
-012 .6 0.2 2 8 6
and 111.34 119.8.44 1.3
78 2
19-CT473246391342281.4309-58.215 194.21 208.14.111.6
-013 .1 5.6 7 32 3
inclu202.00 207.5.13 2.0
ding 13 5
19-CT473406391354283.6300-55.140 69.83 112.43.151.7
-014 .1 6.7 8 98 3
inclu70.83 89.318.531.8
ding 6 2
inclu94.12 104.10.452.2
ding 57 9
19-CT473406391354283.6295-69.179 135.62 163.28.1 1.3
-015 .1 6.7 2 72 5
18-BD474496391580262.4315-51.165. 28.55 36 7.45 0.7
-247 .4 9.5 1 0 7
and 111.34 114.3.43 1.4
80 5
18-BD473941391535258.2298-53.212. 65.43 66.51.11 1.2
-248 .4 0.0 7 0 4 7
and 119.31 122.2.79 0.7
10 9
and 128.45 133.5.17 0.8
62 6
inclu128.45 132.4.40 1.0
ding 85 0
and 174.26 178.4.35 1.5
61 1
18-BD474578391585262.5318-54.95.0 61.35 67.86.48 1.1
-249 .9 9.7 .0 8 3 8
inclu61.65 63.72.10 2.3
ding 5 0
and 72.00 73.41.46 1.1
6 2
and 82.17 84.01.88 1.0
5 9
18-BD474624391591253.7320-62.116. 55.38 60.04.62 0.6
-250 .1 9.3 .0 7 0 0 7
and 77.10 78.21.18 0.7
8 9
18-BD473965391528261.0301-54.287. 75.20 76.51.38 0.7
-251 .4 7.1 .0 1 0 8 6
and 165.75 168.2.59 0.8
34 5
and 189.10 192.3.05 1.6
15 4
and 195.06 197.2.14 0.7
20 9
and 267.43 278.11.330.6
76 9
18-BD474563391564258.1304-55.194. 59.92 62.82.88 0.9
-252 .7 0.0 .0 3 0 0 2
and 103.22 105.2.60 1.2
85 1
and 173.77 179.5.85 1.1
62 9
inclu173.77 176.2.53 1.7
ding 30 9
18-BD474566391573260.0321-60.150. 32.90 38.15.25 0.9
-253 .2 3.5 .0 4 0 5 3
inclu33.90 37.73.80 1.1
ding 0 8
and 128.65 137.8.86 1.1
51 2
18-BD474484391571262.8302-54.140. 53.68 58.34.70 1.0
-254 .8 3.4 .0 5 0 8 7
and 85.53 93.68.11 0.6
4 1
Inclu88.68 90.41.78 1.1
ding 6 5
18-BD473817391529261.2304-52.144. 27.15 28.51.35 1.4
-255 .2 1.4 .0 0 0 0 7
and 34.37 43.28.91 1.2
8 8
and 48.07 51.43.39 1.0
6 0
19-BD474420391577290.2304-53.212. 41.60 53.912.301.0
-256 .3 3.3 .0 6 0 0 5
Inclu41.60 48.16.50 1.4
ding 0 1
and 104.96 110.5.12 0.6
08 5
Inclu107.31 109.2.00 1.4
ding 31 6
and 145.96 147.1.35 1.1
31 8
and 160.47 161.1.35 1.0
82 0
19-BD473837391533279.8294-45.125. 19.86 30.610.741.4
-257 .4 5.0 .0 8 0 0 0
and 38.26 40.82.55 0.9
1 7
19-BD473969391508270.0298-55.175. 79.13 81.01.87 0.6
-258 .7 8.3 .0 7 4 0 0
and 154.06 155.1.94 1.7
98 4
19-BD474393391573261.5295-54.131. 54.95 60.25.30 1.2
-259 .0 5.8 .0 5 0 5 4
Inclu56.80 59.62.80 1.4
ding 0 6
and 73.62 74.71.16 1.4
8 0
and 80.45 83.32.89 1.5
4 3
and 101.36 105.3.93 0.7
29 3
Inclu102.58 104.1.74 1.4
ding 32 0
19-BD474331391571263.0298-53.167. 83.85 88.84.97 1.4
-260 .3 0.4 .0 8 0 2 2
and 121.73 131.9.97 1.6
70 1
Inclu123.90 125.2.05 2.4
ding 95 0
19-BD474363391566264.1293-54.176. 111.29 112.1.36 2.3
-261 .9 1.8 .0 0 0 65 1
and 124.35 133.9.00 1.8
35 2
and 138.40 144.6.32 1.4
72 8
19-BD473933391502268.3318-51.162. 135.48 140.4.68 0.9
-262 .2 5.7 .0 2 0 16 3
Inclu137.48 139.2.00 1.7
ding 48 5
19-BD474420391567263.2297-55.200. 61.24 66.25.03 0.7
-263 .8 4.5 .0 0 0 7 1
and 73.77 78.64.91 1.2
7 6
and 90.50 95.95.42 1.2
2 0
Inclu90.50 94.43.96 1.5
ding 6 3
and 173.87 176.2.79 0.7
66 5
and 185.40 186.1.42 1.2
82 9
19-BD473890391541257.2300-46.164. 33.00 40.57.50 0.5
-264 .9 2.9 .0 5 0 0 7
19-BD474340391563265.1296-55.167. 131.05 145.14.251.4
-265 .7 3.1 .0 4 0 30 6
inclu132.41 134.2.47 2.5
ding 88 1
Please see the complete press release including all tables here:
https://www.asx.com.au/asxpdf/20190314/pdf/443gmchfjlf7cl.pdf
Leseranfragen:
" alt="Halo Labs Announces Repricing of Convertible Debenture Units and An Increase in The Expected Size of The Offering">
" alt="TransCanna Increases Brokered Private Placement and adds Canaccord Genuity Corp. to Syndicate">
Datum: 15.03.2019 - 08:11 Uhr
Sprache: Deutsch
News-ID 589667
Anzahl Zeichen: 22930
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 184 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Piedmont Lithium Limited: Best-Ever Drill Intercepts at Piedmont Lithium Project
"
steht unter der journalistisch-redaktionellen Verantwortung von
Piedmont Lithium Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
