Encouraging Initial Drilling Results From New Central and Sunnyside Properties
October 16 2018 - 7:38PM
Piedmont Lithium Limited (“Piedmont” or “Company”)
is pleased to advise that the Company has received all assays
results from its initial exploratory drilling on its new Sunnyside
and Central properties in the Carolina Tin-Spodumene Belt
(“
TSB”) in North Carolina, United States. This
maiden drill program comprised 10 holes, 7 from Sunnyside and 3
from Central, totalling 1,411 meters.
Keith D. Phillips, President and Chief Executive
Officer, said: “We are exceedingly happy with the initial results
from Central and Sunnyside, with Hole 18-CT-002 in particular being
the widest intercept encountered to-date. We have delineated
a world-class resource of 16.2Mt @ 1.12% Li2O at our Core
property, supporting a project life of 13 years as reported in our
recent Scoping Study. These initial results at Central and
Sunnyside indicate the potential for a significant project life
extension.”
Piedmont is encouraged by the initial drill
results from Central and Sunnyside properties and is designing
follow up drill campaigns for both. In addition, over 650
soil samples have been collected and over 33-line kilometres of
walking magnetometer geophysical surveys have been undertaken on
the properties. Soil assays are still pending and will be paired
with the geophysical data to produce drill targets for the
properties.
Click here to view the ASX announcement.
About Piedmont Lithium
Piedmont Lithium Limited (ASX: PLL; Nasdaq:
PLLL) holds a 100% interest in the Piedmont Lithium Project
(“Project”) located within the world-class Carolina Tin-Spodumene
Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain
mines, historically providing most of the western world’s lithium
between the 1950s and the 1980s. The TSB has been described as one
of the largest lithium provinces in the world and is located
approximately 25 miles west of Charlotte, North Carolina. It is a
premier location to be developing and integrated lithium business
based on its favourable geology, proven metallurgy and easy access
to infrastructure, power, R&D centres for lithium and battery
storage, major high-tech population centres and downstream lithium
processing facilities.
For further information, contact:
Keith D. Phillips
Anastasios (Taso) Arima President
& CEO
Executive Director T: +1 973 809 0505
T: +1 347 899 1522 E:
kphillips@piedmontlithium.com E:
tarima@piedmontlithium.com
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