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Piedmont Lithium Ltd

Piedmont Lithium reveals results for 8 more holes at lithium project

The phase four drill program continues with more results expected over the coming weeks.

diamond drill rig at project
Assay results from 8 holes drilled on the Central property have been received

Piedmont Lithium Ltd (ASX:PLL) has drilled out more high-grade lithium intersections at its Central property within its Piedmont Lithium Project in the US state of North Carolina.

The latest eight holes featured intersections including 19.1 metres at 1.65% lithium oxide and 15.1 metres at 1.24% lithium oxide.

These results continue to showcase the potential for additional high-grade lithium mineralisation within the under-explored Carolina Tin-Spodumene Belt (TSB).

Three drill rigs are active on Piedmont’s Core property with initial results expected in coming weeks.

READ: Piedmont Lithium drilling to upgrade resource and extend life for US lithium project

Piedmont’s president and CEO Keith D. Phillips said: “We are very pleased with the results of drilling at the Central property, both in terms of the grades and thicknesses reported and also in the clear demonstration of the potential of the TSB.

“The United States Geological Survey undertook a detailed review of the TSB in the 1970s and documented the vast potential of the region at that time.

“Drilling is also going very well on our expanded Core property and suffice it to say we believe a significant expansion to our 16.2 Mt maiden resource will be forthcoming mid-year.”

Piedmont has now reported 11 drill holes from the Central property and has completed an additional 7 core holes which are expected to be reported in the next month.

Quick facts: Piedmont Lithium Ltd

Price: $0.13

Market: ASX
Market Cap: $83.35 m
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