Advanced Australian lithium developer Core Lithium (ASX: CXO) has provided an update on exploration activities and results from its wholly owned Finniss Lithium Project near Darwin in the Northern Territory.
HIGHLIGHTS
- High-grade lithium intersections continue to be delivered at the Finniss Lithium Project near Darwin, NT.
- 2021 diamond drill holes at Carlton have produced high-grade spodumene-rich intersections, including:
- 24.5m @ 1.46% Li2O in NMRD007
- 30.0m @ 1.78% Li2O in NMRD011
- 0.3m @ 1.53% Li2O in NMRD012
- Intersections outside and near the boundary of the current Mineral Resource at Carlton expected to deliver substantial extensions.
- 2022 resource growth and exploration drilling to recommence at Finniss during Q2 2022.
A series of nine deep diamond drill holes were completed at the Carlton deposit during the 2021 drilling season, including Mineral Resource extensional. Holes were drilled along strike to the south and down dip to test for the continuity of the pegmatite and mineralisation at depth.
Eight of the nine holes intersected spodumene bearing pegmatite mineralisation.
Next Steps
Expanded exploration and resource drilling in 2022, including further resource expansion drilling at Carlton will recommence and ramp-up in early Q2 2022 across the Finniss Project. A resource update for the Finniss Project is expect during Q2 2022.
Core’s Managing Director, Stephen Biggins, commented:
“We are very pleased to see our targeted diamond drilling at Carlton bearing the positive outcomes that we anticipated.
“The Carlton deposit is a key component of the under-construction Finniss Project, and we look forward to delivering an updated Mineral Resource estimate in the coming months.
“This, in combination with the recommencement of exploration and resource drilling, is in line with our stated strategy of further expand the mine life of the Finniss Project.”
