Pioneer Resources Advances Dome North Spodumene Drilling

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has commenced drilling at the Dome North spodumene target, located within the company’s 100 per cent-owned Pioneer Dome project in the Eastern Goldfields of Western Australia.

Pioneer Resources said the drilling had intersected pegmatites in all three holes it has drilled to dat at Dome North.

The drilling is targeting priority areas where outcropping spodumene has been mapped.

The first hole (PDRC263) hit an intersection of pegmatite from 175 metres downhole to end of hole at 311m.

The intersection was down dip of outcrop from where the company recently reported 17 rock chip samples producing spodumene assays between 1.65 per cent and 3.7 per cent lithium oxide (Li2O).

Two further holes (PDRC264, PDRC265) also returned healthy pegmatite intersections.

The company said the targeted drilling in and around the spodumene outcrops would continue with assay results anticipated to be available around October.

“The company’s emphasis on first principle exploration practices ha delivered an excellent priority target at the Dome North Area,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“We are excited with what has been observed in the first few drill holes and look forward to delivering results to the market as they become available.”