Prospect Resources Ltd (
Assay results from the next 4 RC drill holes returned a peak grade of 4.31% Li2O.
Significant intersections are summarised as (all true width):
ACR010 - peak grade 2.63% Li2O
- 32m @ 1.00% Li2O from 33m
ACR011 - peak grade 3.50% Li2O
- 6m @ 1.46% Li2O from 32m
- 29m @ 1.58% Li2O from 41m
ACR012 - peak grade 4.31% Li2O
- 24m @ 1.46% Li2O from 54m
ACR013 - peak grade 2.01% Li2O
- 5m @ 1.04% Li2O from 25m
Drilling to date has covered approx. 12% of the Company's exploration area. The drilled strike of the 14 horizontally stacked pegmatites extends more than 1km SW-NE and some 400m down dip to NW and is open along strike and down dip. The Company's ground position now covers more than 600 hectares of mining licences.
The Company intends to release its first JORC reportable Mineral Resource before the end of October 2016.
Previously reported high grade lithium intercepts include: Peak grade of 4.35% Li2O. Significant intersections (all true width):
ACR003 - peak grade 2.47% Li2O
- 3m @ 3.05% Li2O from 19m
- 17m @ 1.46% Li2O from 42m
- 2m @ 2.07% Li2O from 64m
ACR002 - peak grade 4.35% Li2O
- 11m @ 2.03% Li2O from 24m
ACR001 - peak grade 2.51% Li2O
- 10m @ 1.5% Li2O from 19
ACR020 - peak grade 2.57% Li2O
- 2m @ 1.49% Li2O from 22m
- 5m @ 1.76% Li2O from 35m
- 19m @ 1.60% Li2O from 43m
ACR021 - peak grade 2.43% Li2O
- 4m @ 1.21% Li2O from 33m
- 15m @ 1.42% Li2O from 66m
To view the full release including tables and figures, please visit:
http://abnnewswire.net/lnk/RM67H5Y8
About Prospect Resources Ltd
Prospect Resources Limited (ASX:PSC) is based in Australasia with operations in Zimbabwe and is a publicly listed company. We are committed to creating value for Prospect's shareholders and the communities in which our company operates. Our vision is to build a Southern African based mining company of international scale.
Contact
Hugh WarnerExecutive Chairman
Prospect Resources Ltd
T: +61-413-621-652
Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au
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