Pilbara Minerals (ASX:PLS) has encountered more high grade intersections of lithium and tantalum mineralisation at its Pilgangoora project in Western Australia, including 8 metres at 2.28% Li2O and 388ppm Ta2O5 from 31 metres.
The assay results were from 10,000 metres of infill and extension drilling which would seem to confirm the continuity of the lithium and tantalum mineralisation.
Current JORC resource is 10.4 million tonnes at 0.024% Ta2O5 for 5,500,000 pounds of Ta2O5, including 8.6 tonnes at 1.01% Li2O for 87,000 tonnes of lithium.
There is a probability the resource grade will gain a bump given the high grades from current drilling exceed the average resource grade.
The updated Mineral Resource will be completed in Q1 2015.
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