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CXO releases promising assays from Sandras lithium prospect


Published 19-DEC-2017 14:14 P.M.


2 minute read

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Core Exploration (ASX:CXO) has received new high-grade lithium assays from recent RC drilling at its Sandras Prospect in the Northern Territory.

Sandras is part of the company’s recent Bynoe Lithium Project acquisition, which is adjacent to the Grants Lithium Resource and the BP33 spodumene pegmatite. The drill hole locations are shown on the map below:

core exploration sandras

The highest-grade intersections at Sandras so far include:

  • 27 metres at 1.45% lithium from 195 metres in SRC006, including a high grade interval of 7 metres at 2.13% lithium from 201 metres
  • 38 metres at 1.08% lithium from 94 metres in SRC002, including 8 metres at 1.86% lithium from 95 metres
  • 19 metres at 1.28% lithium from 106 metres in SRC008, including 5 metres at 1.89% lithium from 111 metres

However it is an early stage of this company’s development and if considering this stock for your portfolio you should take all public information into account and seek professional financial advice.

The below drill cross-section shows CXO’s RC drilling results at Sandras, downdip from previous LTR drilling:

sandras drilling cross section

The high-grade intersections confirm the presence of other pegmatites beyond Grants and BP33, comprising significant spodumene grades and thickness. The very high-grade intervals of 7 metres at 2.13% lithium are in line with those at Grants and BP33.

The results also confirm that spodumene grades increase with depth at the site, and support the concept of a southerly plunge to the pegmatite body. RC drill hole SRC005 terminated at 161 metres, before reaching its target depth.

The below table shows a summary of results from the Sandras prospect:

sandras drill hole results

Source: Core Exploration

Next steps for the Sandras prospect

In the new year, CXO will test the prospect’s southerly plunge model via a diamond drill core tail. The company will also assess the recently received drill results and undertake a preliminary evaluation of spodumene mineralisation at Sandras during 2018.

The company is focused on continued diamond drilling and newly deployed RC drilling at BP33 through to year’s end, with RC and diamond rigs to commence Resource Upgrade drilling at the Grants prospect in January 2018.



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S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

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