Piedmont Lithium Ltd (ASX:PLL) has intersected lithium mineralisation in all 21 of its latest holes assayed at the Piedmont Lithium Project in North Carolina.
The infill drilling component of the 20,000-metre program is nearing completion and the maiden JORC resource estimate remains on track for delivery in the June 2018 quarter.
Highlights from the latest assays include 14.6 metres at 1.21% lithium oxide.
Drill rigs will soon move to high priority exploration targets
Piedmont’s president and CEO Keith Phillips said: “Infill drilling is going very well and resource modelling is ongoing.
“We look forward to completing the infill work soon and then shifting to exploration drilling, leading ultimately to a maiden mineral resource estimate in June and a scoping study shortly thereafter.”
Drill rigs will move to high-priority exploration targets on its properties, which will be the focus of the remaining 7,000 metres of drilling.
READ: Piedmont Lithium drill results continue to enhance lithium potential in the US
The latest assays build upon previous drilling results and continue to show similar high-grade mineralisation and pegmatite intercepts.
Piedmont has six drill rigs on site and has completed 76 holes for about 13,000 meters of its planned 20,000-metre phase III program.
Highlights included:
• 14.6 metres at 1.21% lithium oxide;
• 6.0 metres at 1.44% lithium oxide;
• 10.0 metres at 1.19% lithium oxide; and
• 8.1 metres at 1.68% lithium oxide.
Notably, individual drill holes had cumulative thicknesses of mineralisation ranging up to 26.5 metres across 7 pegmatites.
Drilling about to change focus to exploration
To date, 73 infill holes totalling just over 12,500 metres have been completed whereas only 3 exploration holes for 500 metres have been completed.
Piedmont expects the completion of the infill drilling campaign in the coming weeks with emphasis switching to the exploration and wide spaced drilling portion of the phase III program