Proactive Investors - Run By Investors For Investors

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.

View full PLL profile View Profile

Piedmont Lithium Ltd Timeline

Related Articles

Colluli is 75 kilometres from Eritrea’s eastern Red Sea coast
April 24 2019
Plans to build the 200-year fertiliser project are backed with a US$200 million loan facility.
Pacific American Coal's Elko coking coal project in Canada
January 10 2019
The company drilled the project in 2018 and is waiting on laboratory assays.
Electric vehicles
The world-class Sonora Lithium Project in Mexico benefits from a large, scalable and high-grade resource which is indicated at over 5mln tonnes of battery grade (99.5%) lithium carbonate equivalent

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use