Australia’s next lithium producer Core Lithium (ASX: CXO) today reported assay results for the final three holes of the 12-hole resource expansion diamond drilling program at the BP33 deposit, part of the Finniss lithium project near Darwin in the Northern Territory.
Deep diamond holes NMRD035, NMRD038 and NMRD039 all intersected variable thicknesses of spodumene mineralised pegmatite at depths below any previous drilling, and up to 830m below surface.
Significant intersections include:
- 72.74m @ 1.56% Li2O in NMRD038
- Incl. 14m @ 2.00% Li2O
- 22.0m @ 1.60% Li2O in NMRD039
- Incl. 6.0m @ 2.16% Li2O
The best result of 72.74m at 1.56% Li2O was intersected in hole NMRD038 and is interpreted to represent the down plunge extension of the main BP33 pegmatite body. The intersections in NMRD035 and NMRD039 are interpreted to be associated with the southern BP33 pegmatite body.
The company said that spodumene intersections more than 400m outside of the current Mineral Resource at BP33 are expected to deliver substantial extensions, and that it has planned for accelerated Resource definition and extension drilling at BP33 and across the Finniss project more broadly
Core said that recent funding also enables it to bring forward development and early works at the proposed BP33 mine.