Core Exploration to commence drilling at Finniss Lithium Project

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Image credit: Core Exploration ASX release

Core Exploration has received all statutory approvals and has appointed a drilling contractor in preparation for its upcoming drilling program at the Company’s Finniss Lithium Project located in the Northern Territory.

Image credit: Core Exploration ASX release
Image credit: Core Exploration ASX release

The Company, which expects to commence the drilling program by the end of August, said it will consist of 2,000m of RC drilling and will test 5 high propriety drill targets on granted EL 29698, being the BP 33, Hills, Grants, Far West Central and Ah Hov targets.

According to Core, each of these prospects are considered to be high quality, large-scale lithium pegmatite drill targets within its dominant tenement position in the NT.

“Core considers that drilling is likely to be the only effective test of the grade of lithium pegmatites in weathered environments like the Finniss Lithium Project, as is the case at the Greenbushes deposit in WA,” the company said in a statement.

Adertisement

“Discovery of high grade lithium with the drill program would be significant for Cove given the scale of some pegmatites identified by the Company being directly comparable to the scale of pegmatites hosting large lithium resources in the Pilgangoora region in Western Australia.”

Core’s Finniss Lithium Project has substantial infrastructure advantages being close to grid power, gas and rail infrastructure and within east trucking distance by sealed road to the multi-user port facility at Darwin Port, Australia’s newest port to Asia.

The 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.

Core said the drilling is expected to be completed around mid-September with assay results expected mid to late October.