Announcement on 16 Oct 2017 drilling reported high grade shallow lithium at King Col
KRC012 17 m @ 2.55% Lithium oxide from 13m
KRC011. 8m @1.0% from 27m
KRC011. 1m @ 8.63% Cesium Oxide from 25m.
They also found fresh mineralised pegmatite from shallow depth of less than 10m.
DEG told us that there would be a initial diamond core drilling to assess mineralogy.
They also reported 7.5 km overall pegmatite trend.
Been waiting for something to happen here for a few years, but nothing has happened. What happened to proposed diamond core drilling program? DEG has the cash. Surely exploring this lithium should be a priority. And if they confirm a large lithium deposit in this market, the share price go up, enabling future cap raising at much higher price. Teacher always said two irons in fire better than one. He also said all that glitters could be lithium.
Why is DEG not drilling King Col lithium?
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