Looks like Peg 009 is a duster. PEG 9, Pioneer Dome, Norseman,...

Looks like Peg 009 is a duster.


PEG 9, Pioneer Dome, Norseman, Western Australia4
Lepidico completed an RC drilling program at PEG 9 during the quarter. The program consisted of 13 holes for a total of 754 m of drilling targeting a 200 m long multi-element (including Li, Rb and Cs) soil anomaly associated with a sub-cropping lepidolite-bearing pegmatite.
Drilling intersected one lepidolite-bearing pegmatite averaging approximately 5 m in thickness central to the prospect, which returned a best result of 2 m @ 0.97% Li2O in hole PG9C001, with lithium grades diminishing with depth. Also intersected were several quartz-feldspar-muscovite pegmatites, including a thick (>40 m) pegmatite, which carry only sporadic minor lepidolite, and which returned a highest value of 0.29% Li2O.
The RC program tested the full extent of the PEG 9 anomaly. In light of the low lepidolite content and commensurate low lithium grades, Lepidico has withdrawn from the farm-in over PEG 9. The ground reverts fully to Pioneer Resources.