Source: Streetwise Reports 10/23/2018
This company released initial assays from its new properties.
The first drill results from Piedmont Lithium Ltd.’s (PLLL:NASDAQ; PLL:ASX) Central and Sunnyside properties show the company encountered the widest intercept to date: 34 meters (34m) at 1.04% lithium oxide (Li2O). This was in hole 18-CT-002.
The drill bit hit another significant intercept of high-grade lithium mineralization, 20.9m at 1.42% Li2O, in hole 18-SS-001.
These assay results were among those Piedmont recently reported on, from seven Sunnyside holes and three Central holes, totaling 1,411m. The two properties are located in the Carolina Tin-Spodumene belt in North Carolina.
“These initial results at Central and Sunnyside indicate the potential for a significant project life extension,” President and CEO Keith Phillips said in a news release, referencing the existing resource at Piedmont’s Core project where a scoping study estimated 16.2 Mt at 1.12% Li2O, supporting a 13 year project life.
The company plans to conduct follow-up drilling at both sites. To identify additional targets, it intends to analyze together the pending results from the more than 650 soil samples collected and the 33 line kilometers of magnetometer geophysical surveys.
Piedmont Lithium has noted that the Carolina Tin-Spodumene Belt “has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina. It is a premier location to be developing and integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.”
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( Companies Mentioned: PLLL:NASDAQ; PLL:ASX,
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