Best-Ever Drill Intercepts at Piedmont Lithium Project
March 14 2019 - 9:29AM
Business Wire
- 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 @ 1.73% Li2O in
Hole 19-CT-014
- 14.1m @ 1.63% Li2O in
Hole 19-CT-013
- 28.1m @ 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 Project’s 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 @ 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 Company’s Scoping Study announced in September
2018. Further updates to the Project’s existing Mineral Resource of
16.2Mt @ 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.”
Click here to view the ASX Announcement
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190314005469/en/
For further information:Keith D. PhillipsPresident &
CEOT: +1 973 809 0505E: kphillips@piedmontlithium.comAnastasios
(Taso) ArimaExecutive DirectorT: +1 347 899 1522E:
tarima@piedmontlithium.com
Piedmont Lithium (ASX:PLL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Piedmont Lithium (ASX:PLL)
Historical Stock Chart
From Apr 2023 to Apr 2024