THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) received assay results from the final 11 holes of a recent drilling program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.
Pioneer Resources carried out the drilling that tested two of four lithium-caesium-tantalum (LCT) pegmatite targets, resulting in the discovery of the Cade spodumene deposit.
The drilling also encountered intersections of mineralisation at Spodumene Target 1.
Assays have been received for holes PDRC278 through PDRC288, and include:
From the Cade deposit, intersections of low iron spodumene:
15 metres at 1.48 per cent lithium oxide (Li2O);
13m at 1 per cent Li2O; and
15m at 1.13 per cent Li2O.
From the CNE target, which was an unrecognised pegmatite located immediately northeast of the Cade deposit:
4m at 1.22 per cent Li2O.
From Spodumene Target 1, which outcrops approximately 2km west of the Cade Deposit:
10m at 1 per cent Li2O.
Pioneer noted that all mineralised pegmatites remain open and that drilling is expected to resume in November to further determine their dimensions.
The company highlighted that the four targets it has identified to date have same apparent orientation and dip, suggestive of regional pegmatite stacking.
“The Cade deposit is a significant low-iron spodumene discovery confirmed by our first pass of drilling,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.
“This is testament to the way Pioneer approaches exploration and provides us with an outstanding starting base from which we hope to build a substantial lithium project.”
The drilling scheduled to resume in November will initially target mineralisation at Spodumene Target 1 and the CNE pegmatite, as well as other substantiated geochemical and geophysical targets, including anomalies identified by deep ground penetrating radar (DGPR) survey that is currently in progress.
In addition, six diamond core holes will be drilled into the Cade spodumene deposit to test the proposed plunge of the mineralisation and to produce samples for metallurgical testing.