Pioneer Commences Canadian Lithium Drilling

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) and its strategic partner International Lithium Corp. (TSXV: ILC.V) has commenced a maiden drill program at the Mavis Lake lithium project in the province of Ontario, Canada.

Pioneer Resources said the drilling had started last week, having been postpone fronm Decemeber due to adverse weather conditions.

The company said its geological consultant has already informed it that a spodumene-bearing pegmatite has been intersected early in the first hole – above the drill target depth of 120m.

Pioneer said the 2017 winter program of oriented diamond core drilling has been designed to test for extensions to known spodumene-bearing pegmatites.

“The targets to be drilled are based on drilling by earlier explorers, including ILC in 2011 and 2012, updated with information gained from the Joint Venture’s 2016 field work, which included ground magnetometer surveys, mapping and litho-geochemical rock sampling programs,” Pioneer Resources said in its ASX announcement.

Drilling has commenced on a pegmatite outcrop designated PEG006.

According to Pioneer, by the end of the first shift drill hole MF-17-39 had intersected a narrow, approximately two-metre wide, spodumene-bearing pegmatite at 48.9 metres.

This is well above the targeted depth of 120m.

Pioneer indicated that pegmatite 6.5 will also be drilled.

This is a new target located 250m east of pegmatite 6, which was identified during the 2016 field season by its strong litho-geochemical signature.

Website: www.pioresources.com.au