Advanced Australian lithium developer Core Lithium (ASX: CXO) is pleased to provide an exploration and drilling update from the Finniss Lithium Project near Darwin in the Northern Territory.
HIGHLIGHTS
- Assays from reverse circulation (RC) drilling at Bilatos and other southern regional targets received.
- First lithium drill assay results from new Bilatos Prospect demonstrate encouraging thickness and grade and include:
- 24m @ 2.24% Li2O in SRC068
- 30m @ 1.11% Li2O in SRC065
- 12m @ 1.09% Li2O in SRC067
- 15m @ 0.80% Li2O in SRC063.
- Further Finniss lithium exploration and resource drilling updates expected over the coming weeks as results are received.
- Core is planning an active exploration program at Finniss over the coming months.
During the last drilling season, Core’s exploration team focused on Mineral Resource growth and conversion and regional exploration to extend mine life and lay the foundation for production expansion within the broader Finniss Lithium Project over the medium term.
This update provides the results from drill assays received for drilling undertaken at a number of prospects and early-stage regional exploration targets within the southern tenements of the project area.
Core’s Managing Director, Stephen Biggins, commented:
“The latest results confirm our view of the prospects drilled at the Finniss Project, and we look forward to reporting the new results as they come to hand.
“With the wet season nearly behind us, we are planning an active exploration drilling program at Finniss over the coming months.”
