08:00 Mon 07 Aug 2017
Premier African Min - Zulu Lithium Drilling Update
For immediate release
("Premier" or the "Company")
Zulu Lithium Drilling Update
Continues to Intersect Significant Mineralisation in the
Highlights:
· New zone in south-east of license area has potential to exceed
· 14 diamond core holes completed, equivalent to 2,037.34m.
· Significant visible lithium mineralisation zones intersected in all holes.
· Hole ZDD-37, drilled in the new zone, 220m south-east of the
Ø 5.50m from 10.00m,
Ø 12.50m from 20.00m,
Ø 2.60m from 37.50m,
Ø 1.25m from 42,90m,
Ø 4.30m from 46.70m,
Ø 2.93m from 51.77,
Ø 4.60m from 74.80m,
Ø 4.40m from 83.30m, and
Ø 7.60m from 105m.
· Diamond drill hole ZDD-38, drilled in the new zone, 270m south-east of the
Ø 5.80m from 64.20m, and
Ø 11.40m from 73m.
· Diamond drill hole ZDD-39, drilled in the new zone, 400m south-east of the
Ø 1.40m from 35.10m,
Ø 1.60m from 54.00m, and
Ø 6.00m from 109.30m.
Drilling at Zulu:
The Company has now completed a further 14 drill holes, equivalent to 2,037.34m since completion of the initial 2,500m drilling programme that resulted in the Maiden Mineral Resource Estimate at Zulu of 20.1 million tonnes grading 1.06% Li₂O (as announced on
Drill hole |
Azimuth |
Dip |
Total length (m) |
From (m) |
To (m) |
Interval length |
ZDD-37 |
N217° |
60° |
140.38 |
10.00 |
15.50 |
5.50 |
and |
|
|
|
20.00 |
32.50 |
12.50 |
and |
|
|
|
37.50 |
40.10 |
2.60 |
and |
|
|
|
42.90 |
44.15 |
1.25 |
and |
|
|
|
46.70 |
51.00 |
4.30 |
and |
|
|
|
51.77 |
54.70 |
2.93 |
and |
|
|
|
74.80 |
79.40 |
4.60 |
and |
|
|
|
83.30 |
87.80 |
4.40 |
and |
|
|
|
105.00 |
112.60 |
7.60 |
|
|
|
|
|
|
|
ZDD-38 |
N216° |
60° |
140.28 |
64.20 |
70.00 |
5.80 |
and |
|
|
|
73.10 |
84.50 |
11.40 |
|
|
|
|
|
|
|
ZDD-39 |
N75° |
60° |
140.68 |
35.10 |
36.50 |
1.40 |
and |
|
|
|
54.00 |
55.60 |
1.60 |
and |
|
|
|
109.30 |
115.30 |
6.00 |
Photos of the drill core are available on the Company's website or via the link below.
http://www.premierafricanminerals.com/investors/gallery/2017
Qualified Person:
Enquiries:
|
|
Tel: +44 (0)7734 922074 |
|
(Nominated Adviser) |
Tel: +44 (0) 20 7628 3396 |
|
|
Tel: +44 (0) 20 7408 4090 |
|
|
Tel: +44 (0) 20 7382 8300 |
|
|
Tel: +44 (0) 07747 788 221
|
Notes to Editors:
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, gold, lithium and tantalum in
Forward Looking Statements:
Certain statements in this announcement are, or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Glossary of Technical Terms:
"Li2O" means Lithium oxide
"lepidolite" is the mineral name for lithium bearing mica KLi2Al(Si4O10)(F,OH)2 an important ore of lithium
"pegmatite" is an exceptionally coarse-grained igneous rock, with interlocking crystals, usually found as irregular dikes, lenses, or veins, esp. at the margins of granitic intrusions
"petalite" is the mineral name for lithium aluminium silicate LiAl(Si4O10) an important ore of lithium
"spodumene" is the mineral name for lithium aluminium silicate LiAlSi2O6 an important ore of lithium.
ENDS
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