Core Lithium Reports New High-grade Lithium Drill Results

THE DRILL SERGEANT: Core Lithium (ASX: CXO) reported assay results from exploration drilling being undertaken at the company’s 100 per cent-owned Finniss lithium project in the Northern Territory.

Core Lithium has received initial assays from reverse circulation (RC) drilling delivering wide zones of spodumene mineralisation intersected at the Blackbeard prospect.

New lithium drilling results at the Blackbeard prospect, include:

NRC269
63 metres at 1.67 per cent lithium oxide (Li2O) from 166m, including 20m at 2.09 per cent Li2O from 208m.

The company explained lithium mineralisation has now been confirmed over 600m of strike when combined with the project’s adjacent Centurion prospect.

“The results from Blackbeard are highly encouraging and indicate we have discovered a large, highly mineralised pegmatite within a short distance of our processing infrastructure, consistent with the key objective of our 2024 field season,” Core Lithium CEO Paul Brown said in the company’s ASX announcement.

“Blackbeard is up to 45 metres wide and open at depth.

“Further drilling will be completed to determine the ultimate scale of the system.

“This will support a future Mineral Resource Estimate and have potential to be incorporated into our ongoing restart studies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE