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Piedmont Lithium drill results continue to enhance lithium potential in the US

Published: 20:16 14 Mar 2018 EDT

a north carolina road sign
Best results include an intersect of 4.5 metres at 1.87% lithium oxide

Piedmont Lithium Ltd (ASX:PLL) is continuing to receive high-grade lithium drilling results from its properties in the Carolina Tin-Spodumene Belt (TSB) in North Carolina, US.

READ: Piedmont Lithium enhances its lithium package in North Carolina, US.

The results include intersects of 4.5 metres at 1.87% lithium oxide, 4 metres at 1.78% lithium oxide, 6 metres at 1.39% lithium oxide and 8.3 metres at 1.10% lithium oxide.

Piedmont president and chief executive officer Keith D. Phillips said: “These infill drill results are consistent with our expectations, and with six rigs on property we look forward to a steady stream of drilling news over the next several weeks, leading ultimately to a maiden resource estimate in June and a scoping study shortly thereafter.”

20,000-metre phase III drilling program well advanced

Piedmont has received the assay results from the final 17 holes from the phase II campaign and the first 21 holes from the current phase III drilling campaign.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts.

The company has six drill rigs on site and has already completed 52 holes totalling just over 9,000 meters of its planned 20,000-metre phase III program.

READ: Piedmont Lithium initiates scoping study on its lithium project in the US

The results from last year’s and the current drilling campaign continue to give Piedmont confidence in being able to define a shallow, surface mineable resource which is strategically located within the historical lithium mining and processing region of the USA.

The company is aiming to release its maiden resource estimate in accordance with JORC by the end of the second quarter 2018 and follow with an integrated scoping study in the third quarter 2018.

More than 30 holes are currently being assayed with results expected in April.

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