Core Lithium Ltd (ASX:CXO) (OTCMKTS:CXOXF) has recommenced expansion and exploration drilling at the Finniss Lithium Project near Darwin in the Northern Territory.
Diamond core drilling started this week and will be closely followed by a reverse circulation (RC) rig and a rotary air blast (RAB) rig later this month.
A key focus of Core’s resource expansion drilling will be on converting a high proportion of the newly acquired prospective ground at Finniss to resource.
A relatively simple program of regular spaced RC drilling, complemented by a proportion of diamond drilling is planned to bring these lithium-rich pegmatites into spodumene resources in the coming months.
Confident in upscaling lithium resources
Core Lithium managing director Stephen Biggins said: “We are excited to be recommencing fieldwork at the Finniss Lithium Project, this time being the most extensive exploration and drilling campaign we have ever conducted at our flagship asset.
“We are confident that, through this program, we will be able to significantly upscale the lithium resources and mine life at Finniss, making Australia’s next lithium mine an even more attractive investment opportunity.
Gold exploration activity at the Bynoe Gold Project has also recommenced.
Early-stage geological mapping and geochemical surveys are underway ahead of gold discovery drilling programs in 2021, including follow-up drilling at the exciting Far East gold discovery.