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Piedmont Lithium announces initial mineral resource estimate at Central Property

Mining News - Published on Thu, 25 Apr 2019

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Piedmont Lithium Limited announced an initial mineral resource estimate on its Central property of 2.8 million tonnes at 1.34% Li20. Approximately 50% or 1.41 million tonnes of the Mineral Resource is classified in the Indicated Resource category. Mr Keith D Phillips, President and Chief Executive Officer, said “We are very pleased with the initial high-grade Mineral Resource Estimate at Central. This is a property with great potential and the MRE is based on only 78 drill holes, 16 of which encountered thick, high-grade mineralization. We hope to expand our land holdings in this area and ultimately drill out a substantially larger resource at Central. Phase 4 drilling continues with 3 rigs operating on the Core property and we expect a material resource upgrade in June. The Piedmont project is quickly becoming one of the largest hard-rock lithium projects in North America, while enjoying all the benefits of our unique North Carolina, USA location.”

Highlights

Initial Mineral Resource at Central property of 2.80 million tonnes @ 1.34% Li20 based on only 18 drill holes

Project-wide Mineral Resources increased to 19.0 million tonnes @ 1.15% Li20

Phase 4 drilling continues with three rigs operating on the Core property

Core Mineral Resource update expected in June 2019 based on approximately 70 Phase 4 holes

The Mineral Resource estimate has been prepared by independent consultants, CSA Global Pty Ltd and is reported in accordance with JORC Code (2012 Edition).

Source :

Posted By : Sanju Moirangthem on Thu, 25 Apr 2019
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