Lithium Plus Minerals Limited (ASX: LPM) has intersected pegmatites in the maiden diamond drill hole (BYDD001) from the Phase 1 drill programme is complete at the Bynoe Project in Autralia’s Northern Territory.
A thick downhole interval of 43m of pegmatite from 191.9m has been intersected. This initial Phase 1 hole was positioned to target down-dip expression of lithium mineralisation approximately 50m below the discovery RC hole (KBRC024).
The discovery hole was drilled in 2017 by Kingston Resources, which returned a highly encouraging 12m at 1.43% Li2O from spodumene-bearing pegmatite. Hole BYDD001 provides positive confirmation of extension of the spodumene-bearing pegmatite system at depth.
The core sample has been transferred to the Lithium Plus logging facility in Darwin for detailed logging and sampling. Retained core is scheduled to be processed for hyperspectral scanning through the Northern Territory Geological Survey (NTGS) later this month.
The hylogger scan will capture spectroscopic data to facilitate detailed characterisation of the mineralogical composition of the core. The completed diamond hole is the first of up to 9 holes of a two phase (1,800m) diamond drilling program at Lei.
The second Phase 1 diamond hole (BYLDD002) is currently underway. Results from Phase 1 holes (tjree in total) are set to provide detailed characterisation and key structural information to support further drill planning and targeting.
Phase 2 is planned to include up to 6 holes over 1,200m. It is set to follow the previously announced Reverse Circulation (RC) drilling programme to target further definition of lithium bearing pegmatites at the Lei Prospect.
“We are pleased with the samples from our maiden diamond hole at the Lei Prospect, which have visibly validated the historical spodumene-bearing pegmatite system at depth and provide us confidence that we may have a significant lithium discovery at Bynoe,” Executive Chairman, Dr Bin Guo, said.
“We look forward to processing the core and receiving the assay results in the coming weeks as well as the results from the second cored hole. With the RC rig starting soon, we remain confident for the potential to delineate a maiden lithium resource by Q1 2023.”
For further information please visit: https://lithiumplus.com.au/
