Emerging lithium producer, Galaxy Resources Limited (ASX: GXY) is currently completing an RC drilling program aimed at upgrading and extending resources at the Mt Cattlin Spodumene Project, near Ravensthorpe in Western Australia.
The company said excellent intercepts have been identified from drilling to date. Results returned from recent drilling in the NW Zone, include 16m @ 1.52% Li2O, 9m @ 2.41% Li2O and 10m @ 1.15% Li2O in GX1093.
Significant results were received from five holes completed in the North Ravensthorpe area, including 9m @ 1.03% Li2O and 271ppmTa2O5.
A small RC program at the Junction Prospect, approximately 1.5km north west of the Mt Cattlin resource has discovered spodumene bearing pegmatite.
In preparation for mining, grade control drilling has commenced in a zone of very shallow ore in the Stage 1A Pit area.
A diamond drilling program has also been completed to provide further geological, metallurgical and geotechnical information.
A new zone of lithium-bearing pegmatite mineralisation to the northwest of the current resource was discovered in late 2009. Ongoing drilling in this area is infilling collar spacing to 80m x 80m, in order to define additional inferred resources.
These results support the geological model for the area and additional assay results are awaited.
http://www.proactiveinvestors.com.au/companies/news/6431/galaxy-resources-intercepts-lithium-at-mt-cattlin-project-6431.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment