Nice going!
High-Grade Lithium Results: Significant high-grade lithium assay results have been reported, notably SADD246 with 32.92m @ 1.62% Li2O, highlighting the project's potential.
Consistency and Quality: The drilling results confirm the continuity, thickness consistency, and quality of the lithium mineralization at the Colina Deposit.
Resource Estimation and DFS: An updated Mineral Resource Estimate (MRE) is planned for Q2 2024, with a Definitive Feasibility Study (DFS) scheduled for release in Q3 2024.
Drilling Program Highlights:
- Significant mineralized intercepts returned from 29 completed diamond drill holes.
- A substantial portion of the resource is amenable to simple open-cut mining.
Technical and Methodological Rigor:
- Employed industry-standard practices for diamond drilling, core sample recovery, and geological logging.
- Detailed assay methodologies are used to ensure high-quality and representative data collection and analysis.
Project Development Strategy:
- The company is focused on upgrading the JORC mineral classification of its resource.
- Future plans include expanding the MRE and preparing for mineral reserves declaration as part of the DFS.
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