Pilbara Minerals Limited (ASX: PLS) – $0.042
09 Dec 2014
Pilbara Minerals Limited (ASX: PLS) has intersected further broad lithium and tantalum mineralisation in pegmatites at its 100% owned Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia (Figure 1).
Assay results include:
- 8 metres at 2.28% Li2O and 388ppm Ta2O5 from 31 metres
- 23 metres at 1.68% Li2O and 191ppm Ta2O5 from 35 metres
- 19 metres at 2.03% Li2O and 207ppm Ta2O5 from 23 metres
The current in-fill and extensional reverse circulation drilling program is progressing with 35 holes for 3,215 metres completed out of a total of 10,000 metres.
The results received to date from drilling have demonstrated upside to the current JORC 2012 Mineral Resource for the Pilgangoora Deposit (10.4Mt at 0.024% Ta2O5 for 5,500,000lbs Ta2O5 including 8.6Mt at 1.01% Li2O for 87,000t of lithium) with an update to be completed in 1Q2015.
Figure 1. Location of Pilgangoora Project in Western Australia
For further details, visit www.pilbaraminerals.com.au
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