Sign up Australia
Proactive Investors - Run By Investors For Investors

Core Exploration drill results extend BP33 lithium pegmatite

Drilling at the BP33 pegmatite is working towards a maiden resource in that area.
periodic table symbol for lithium
The company is developing one of Australia’s highest grade lithium resources

Core Exploration Ltd (ASX:CXO) has received drill results from the BP33 pegmatite within the Finniss Lithium Project in the Northern Territory.

Results have identified substantial strike and depth extension potential at the BP33 pegmatite.

Impressively, intersections include 36 metres at 1.61% lithium from 135 metres and 49 metres at 1.02% lithium from 138 metres.

Drilling at BP33 aims to establish maiden resource in that area

Drilling at BP33 is aimed at establishing a maiden resource estimate to add to the company’s lithium resource inventory at Finniss.

Furthermore, these results show extensions of the BP33 spodumene pegmatite are open south and south-west toward pegmatites 200-300 metres along strike at the BP32 and BP32W prospects.

BP33 is 5 kilometres from the main Grant’s lithium deposit

The BP33 pegmatite is five kilometres from the main Grant’s deposit where a pre-feasibility study (PFS) is underway.

READ: Core Exploration has Chinese backing to transform into lithium producer

The PFS is due to be complete by the end of next month and will include a resource upgrade from the current drilling.

Further assays expected, drilling continues

This first phase of resource focused diamond drilling at BP33 has been completed, with additional assays expected during February and March 2018.

This rig has now been relocated to the Grants deposit to focus on resource upgrade drilling.

Core is planning further drilling at both BP32 and BP32W prospects as soon as the 2018 dry season commences, likely in the June quarter.

View full CXO profile View Profile

Core Exploration Ltd Timeline

Newswire
September 13 2017

Related Articles

Gold bars
January 25 2018
The drill results had returned wide zones of mineralisation, the company said
electric cars charging
January 30 2018
Feasibility study estimates Sonora is worth over one billion dollars on a NPV basis
1517945503_serbian-landscape.jpg
February 07 2018
Zeleznik is one of the four licenses being sole funded under the option agreement between Mundoro and JOGMEC

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use