Core Exploration has announced the recommencement of diamond drilling at the high grade Grants Prospect located within the company’s 100% owned Finniss Lithium Project near Darwin in the Northern Territory.
Core said the diamond drilling is following up the high grade spodumene mineralisation discovered by earlier RC drilling programs in 2016.
“The Company is currently testing depth extensions of the high grade Grants pegmatite, where Core has been encouraged by continuity and grade of mineralisation visually identified in the drilling to date,” Core told the ASX.
Late last year, Core completed its expanded Phase 2 RC drilling at Finniss, which consisted of approximately 6,900m of RC drilling, with drilling continuing up until Christmas.
The company said it is now waiting on the assay results from this drilling which are expected during late January and into February 2017.
“Core will continue to keep the market informed as assays become available,” reads Core’s announcement.
Core’s Finniss Lithium Project covers a large portion of the Bynoe Tin-Tantalum-Lithium Pegmatite field which is a 15-20 kilometre wide belt of more than 90 tin and tantalum prospects and mines.
Bynoe is one of the most prospective areas for lithium in the NT and has many similarities to Greenbushes in WA, one of the world’s largest and highest grade spodumene deposits.
