Emerging lithium producer Core Lithium announced that drilling has recommenced at its 100% owned Finniss Lithium Project, located near Darwin in the Northern Territory.
Core Managing Director Stephen Biggins said the company is kicking off the most extensive lithium exploration and resource expansion drilling campaign at Finniss to date.
“We are excited to be recommencing field work at the Finniss Lithium Project, this time being the most extensive exploration and drilling campaign we have ever conducted at our flagship asset,” Mr Biggins said.
“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.”
According to the company’s statement, diamond core drilling started this week and will be closely followed by a RC rig and 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,” reads the statement.
“A relatively simple program of regular spaced RC drilling complemented by a proportion of diamond drilling to add further resource information is planned to bring these lithium rich pegmatites into spodumene resources in coming months.”
Core also announced that gold exploration activities are also underway in the NT.
“Gold exploration activity at the Bynoe Gold Project has also recommenced,” it says in the statement.
“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.”
