Core Lithium Announced Positive Drilling Results

The company recently drilled at LeesBooths Link and shows consistent lithium mineralisation up to 13m downhole width returned from 10 step-out RC drill holes. Multiple mineralised pegmatites intersected over 1km strike length, and in stacked horizons support the potential for favourable mining economics at Lees-Booths.

Multiple mineralised pegmatites intersected over 1km strike length, and in stacked horizons support the potential for favourable mining economics at Lees-Booths. Including 6m @ 0.89% Li2O from 130m & 3m @ 1.25% Li2O from 157m in FRC199 assays for the outstanding 4 RC drill holes at Hang Gong also show encouragement.

With the intent to upgrade the Resource classification and potentially grow the scale of those Mineral Resources in-fill drilling planned for January-February at each of the Carlton, Hang Gong and Lees-Booths Link prospects.

With the development of stacked shallow-dipping pegmatites over a strike-length of 1km open to the northwest and southeast, Core recently announced exploration drilling results showing a link exists between Lees and Booths. For 10 of the 14 holes completed to target depth, assays have now been returned. Among them 5 contain at least two mineralised pegmatites and 9 holes contain mineralised pegmatite and Four separate intercepts in NRC075.

Given this was no more than a concept two months ago these results are considered very encouraging and Core is now confident that this concept applies to several areas in the northern part of the Finniss Project. Where the assay results for the last 4 RC drill holes of the November program have also been returned the other area that this concept has now been tested is Hang Gong. This interpreted mineralised trend measures 1km x 1km and has been shown to contain multiple stacked mineralised pegmatite sheets.

The most north western hole contains two mineralised pegmatites, while three were un-mineralised due to the presence of only narrow pegmatites. The company Core Exploration Limited (ASX: CXO) traded at a market price of $0.053 which is up by 1.923%. The performance for the six months has been 23.81%.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report