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Piedmont Lithium reveals new high-grade lithium hits in North Carolina

The new results indicate the potential for a significant project life extension for the Piedmont Lithium Project.

lithium
Current resource of 16.2 million tonnes at 1.12% lithium oxide

Piedmont Lithium Ltd (ASX:PLL) has received positive assay results from initial exploratory drilling on its new Sunnyside and Central properties in the Carolina Tin-Spodumene Belt (TSB) in North Carolina, US.

This maiden drill program comprised 10 holes, seven from Sunnyside and three from Central, totalling 1,411 meters.

Both properties yielded significant intercepts of high-grade lithium mineralisation, including:
• 34 metres at 1.04% lithium oxide (continuous mineralisation across one pegmatite) in hole 18-CT-002; and
• 20.9 metres at 1.42% lithium oxide (continuous mineralisation across one pegmatite) in hole 18-SS-001.

READ: Piedmont Lithium updated study forecasts billion dollar lithium operation

Piedmont president and chief executive officer Keith D. Phillips said: “We are exceedingly happy with the initial results from Central and Sunnyside, with Hole 18-CT-002 in particular being the widest intercept encountered to-date.

“We have delineated a world-class resource of 16.2 million tonnes at 1.12% lithium oxide at our Core property, supporting a project life of 13 years as reported in our recent scoping study.

“These initial results at Central and Sunnyside indicate the potential for a significant project life extension.”

READ: Piedmont Lithium reveals quartz, feldspar and mica resources for lithium project in the US

Piedmont is designing follow up drill campaigns for both the Central and the Sunnyside properties.

In addition, over 650 soil samples have been collected and over 33-line kilometres of walking magnetometer geophysical surveys have been undertaken on the properties.

Soil assays are still pending and will be paired with the geophysical data to produce drill targets for the properties.

Quick facts: Piedmont Lithium Ltd

Price: 0.1175 AUD

ASX:PLL
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Market Cap: $97.09 m
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