Core Exploration Ltd (ASX:CXO) has drilled out an 86-metre continuous intersection of spodumene pegmatite at its BP33 prospect within the Finniss Lithium Project in the Northern Territory.
Significantly, the intersection is the widest interval of spodumene pegmatite ever drilled in the Northern Territory.
Furthermore, the drill hole was still in spodumene at the end of the hole.
READ: Core Exploration drill results extend BP33 lithium pegmatite
Visual estimates are that the mineralised pegmatite interval contains between 15%-20% spodumene.
This intersection along with recent drilling results highlights the significant potential for a maiden lithium resource at the BP33 prospect.
The recently completed drill program at BP33 is an initial assessment of continuity of grade and scale of the spodumene mineralisation.
Assays expected in February and March
Assays from new 2018 diamond drill core drilling at BP33 expected during February and March 2018.
Follow-up drilling is planned to better define the southward extension of the wide spodumene pegmatite body at BP33.
Drilling will recommence as soon as the site becomes accessible again in the dry season in the upcoming June quarter.