Core Lithium (ASX: CXO) has commenced resource expansion and infill drilling at its Finniss lithium project near Darwin, following successful drilling at numerous prospects within the project. The newly-funded drilling programs are aimed at expanding the spodumene pegmatite mineralisation already identified at the Hang Gong, Lees-Booths Link and Carlton prospects, with the objective of defining initial JORC Mineral Resource estimates for those prospects.
Core has commenced Mineral Resource expansion and infill drilling at the Finniss Lithium Project
Drilling initially focussed at the Hang Gong and Lees-Booths Link prospects in December 2018
Further RC and Diamond Resource drilling to follow at both these prospects and the Carlton prospect in January 2019
Assays from drilling expected throughout Q1 2019
Initial Mineral Resource Estimate for Carlton on track for delivery next week, followed by initial Mineral Resource Estimates for both Hang Gong and LeesBooths Link expected in January 2019
The pending Resources updates have potential to feed into the expanded Definitive Feasibility Study on track for completion in late Q1 2019
Emerging Australian lithium developer, Core Lithium Ltd (ASX:CXO) (“Core” or the “Company”), is pleased to announce that resource expansion and infill drilling has commenced at the Finniss Lithium Project, located 80km by sealed road from Darwin, NT.
Following up on recent successful exploration and resource drilling at Finniss and the recently announced capital raising, Core has re-started RC drilling at the Hang Gong and the LeesBooths Link Prospects.
The newly funded drilling programs are aimed at expanding the spodumene pegmatite mineralisation already identified at the Hang Gong, Lees-Booths Link and Carlton Prospects, with the objective of defining initial JORC Mineral Resource Estimates (“MRE”) for these three prospects within the Finniss Lithium Project.
The maiden MRE process currently being undertaken at the Hang Gong, Lees-Booths Link and Carlton Prospects hasidentified significant potential to expand the spodumene mineralisation drilled to date.
Resource infill drilling will also be undertaken with the aim of increasing the resource confidence category.
The proposed drilling is within a kilometre of sealed roads and should enable RC drilling to continue through part of the wet season. After a short break over the Christmas/New Year period, RC and Diamond drilling is planned to recommence in early January 2019.