Pioneer Resources Completed Mavis Lake Drill Program

Pioneer Resources (ASX: PIO) has completed a drilling program at the company’s Mavis Lake lithium project in the province of Ontario, Canada.

Pioneer Resources carried out the drilling in conjunction with its Joint Venture partner, TSX Venture-listed International Lithium Corp. (ILC).

The program targeted the Fairservice Pegmatite 6 prospect and consisted of nine diamond core holes, seven of which intersected mineralisation, including multiple wide intersections of spodumene-pegmatite that Pioneer considers to have enhanced the project’s prospectivity.

Results included:

68.3 metres from a depth of 82.7m;

30m from a depth of 117m;

29.8m from a depth of 116.8m; and

25.3m from a depth of 76.7m.

“The 2018 drilling program has greatly enhanced the project’s prospectivity as knowledge of the dimensions of the Fairservice Pegmatite 6 spodumene-pegmatite cluster, which isn’t evident in outcrop, is gained, Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“Mineralised drill core has been sent for analysis, with results expected by the end of March 2018.

“At this time the Joint Venture will further update the Market and describe plans for future drilling, as at this stage mineralisation has not been closed off.”