Pioneer Resources Intersects High-Grade Lithium at Pioneer Dome

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) reported further results from a second drill program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Pioneer Resources focus for this round of drilling was the Dome North group of lithium prospects, where it previously discovered a suite of spodumene-bearing pegmatites.

Drilling consisted of a combination of resource drilling at the Cade Deposit and exploration drilling at five additional targets.

Of the five targets drill tested, two new mineralised pegmatites were intersected at the Davy and Cade South prospects.

Drilling at the Cade deposit encountered infill intersections within the Inferred Resource of 8.2 million tonnes at 1.23 per cent lithium oxide (Li2O), including:

PDRCD292
31.6 metres at 1.31 per cent Li2O from 72m;

PDRCD294
27.4m at 1.38 per cent Li2O from 131m;

PDRCD295
27.2m at 1.46 per cent Li2O from 209m, including 11m at 1.79 per cent Li2O;

PDRCD318
22.2m at 1.72 per cent Li2O from 128m;

PDRCD319
22.3m at 1.49 per cent Li2O from 199m.

At the Davy prospect a new zone of mineralisation was located approximately 1.4 kilometres west of the Cade deposit with results of:

PDRC325
9m at 1.31 per cent Li2O from 56m;

PDRC326
8m at 1.27 per cent Li2O from 26m;

PDRC324
22m at 1.44 per cent Li2O from 153m, including 10m at 1.75 per cent Li2O.

Pioneer believes the results highlight the potential to increase Mineral Resources in the Dome North Area, which are currently based only on the Cade deposit.

“In just two drilling programs we have demonstrated that the Dome North Area is highly prospective for spodumene mineralisation with excellent lithium grades and widths,” Pioneer Resources CEO Tim Spencer said in the company’s announcement to the Australian Securities Exchange.

“This represents a fantastic return for what was a modest but targeted drilling program undertaken prior to Christmas and there are clear opportunities to make further discoveries and increase Mineral Resources.

“We have appointed Primero to undertake first-pass metallurgical test work that will help us understand our options as we advance the project.

“The outcomes of that work along with further target identification will assist us in planning our next phase of drilling with a view to rapidly advancing what appears to be a substantial emerging lithium asset in a prime location in WA’s Eastern Goldfields.”

 

Email: pioneer@PIOresources.com.au

Web: www.pioresources.com.au