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Further High-Grade Assay Results Continue To Extend Mineralization At The Piedmont Lithium Project

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

NEW YORK, Nov. 28, 2017 /PRNewswire/ —

 Assay results from a further 26 drill holes of the Phase 2 program have been received and continue to confirm high grade lithium mineralization along the 4 kilometers of strike within the Project including: 24.38m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 18.04m @ 1.01% Li2O and 1.99m @ 1.28% Li2O in Hole 17-BD-87 23.64m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 11.60m @ 1.29% Li2O, and 5.97m @ 1.14% Li2O in Hole 17-BD-77 22.82m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 9.74m @ 1.31% Li2O and 5.73m @ 1.36% Li2O in Hole 17-BD-98 21.86m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 13.95m @ 1.34% Li2O and 2.93m @ 1.41% Li2O in Hole 17-BD-95 15.69m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 11.09m @ 1.27% Li2O and 3.41m @ 1.20% Li2O in Hole 17-BD-90 12.51m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.55m @ 1.46% Li2O in Hole 17-BD-102 The Company has now received assays for 76 of the 93 Phase 2 drill holes and anticipates receiving assay results for the remaining 17 drill holes over the next few weeks A Schematic Long Section for the B and G corridors has been prepared based on drilling results to-date (Figure 1) and illustrates the continuity of mineralization along strike for 1400 meters Preliminary geological modelling has, thus far, identified 38 pegmatite bodies within the 4+ kilometers of strike on the Project with the vast majority being intersected at depths less than 100 meters from surface As a result of the work done to date the Company is confident in defining a shallow, open-pitable deposit within the Piedmont Lithium Project strategically located within the USA Figure 1: Piedmont Lithium Project – Schematic Northeast-Southwest Long Section Figure 2: Piedmont Lithium Phase 2 Drilling with Mineralized Trends Figure 3: Piedmont Lithium Project – Star Corridor Cross Section Figure 4: Piedmont Lithium Project – Mineralized Trends and Drill Hole Locations

Keith D. Phillips, President and Chief Executive Officer, said,

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